BTC/USDT – 30M – SELLNext a ‘Double bottom retreat down’ chart layout is discovered. The chart shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A descent downwards to the next support line at 117453.570000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 119192.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Belt Hold’ candle pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120063.840000000 |
| Next High | 119192.000000000 |
| Current Price | 118959.660000000 |
| Next Low | 117453.570000000 |
| 2nd Low | 117017.290000000 |
| 3rd Low | 115736.920000000 |
119192.000000000 – 120063.840000000 – 118195.000000000 – 117453.570000000 – 118181.140000000 – 117017.290000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish Belt Hold – Double bottom retreat down