BTC/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

The pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.

A descending movement down to the next support at 110862.420000000 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 113485.900000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

113485.900000000 – 112625.000000000 – 112371.000000000 – 110862.420000000 – 110345.420000000 – 109393.930000000 — 39.559941885981 – 39.266119716054

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –