BTC/USDT – 1H – BUYThe combination Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 61962.4 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 58326 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 65622.83 |
| 2nd High | 63239.06 |
| Next High | 61962.4 |
| Current Price | 61592.260000000 |
| Next Low | 58326 |
| 2nd Low | 57800.19 |
| 3rd Low |
61334 – 60780.57 – 60545.01 – 58326 – 57800.19 – 58201 —
61614.000000000 – 61763.810000000 —
66.425144133184 – 59.83881956866 —
– —
61334 – 1782943200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Northern Doji – – –