BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A bearish movement down to the next support at 110862.420000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 113360.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Belt Hold’ candle pattern is discovered. The candles form ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 115666.680000000 |
| 2nd High | 114917.100000000 |
| Next High | 113360.000000000 |
| Current Price | 112329.440000000 |
| Next Low | 110862.420000000 |
| 2nd Low | 110345.420000000 |
| 3rd Low | 109393.930000000 |
113360.000000000 – 112625.000000000 – 112371.000000000 – 110862.420000000 – 110345.420000000 – 109393.930000000 — 55.150898639192 – 44.696626485123
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Double bottom retreat down – –