BTC/USDT – 30M – SELLThere is also a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A bearish descent downwards to the next support line at 110766.660000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 113293.290000000 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Belt Hold’ candlestick pattern is discovered. The chart forms ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113485.900000000 |
| 2nd High | 113384.620000000 |
| Next High | 113293.290000000 |
| Current Price | 111194.010000000 |
| Next Low | 110766.660000000 |
| 2nd Low | 110621.780000000 |
| 3rd Low | 109977.000000000 |
113293.290000000 – 112924.370000000 – 111600.000000000 – 110766.660000000 – 111111.000000000 – 110621.780000000 — 48.266293704022 – 41.146978613848
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –