BTC/USDT – 30M – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart layout is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A descent downwards to the next support line at 115576.260000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 116665.630000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Matching Low’ candlestick chart pattern is existing. The chart forms ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116665.630000000 |
| Current Price | 115698.420000000 |
| Next Low | 115576.260000000 |
| 2nd Low | 114740.990000000 |
| 3rd Low | 113430.000000000 |
116665.630000000 – 116331.810000000 – 114715.020000000 – 115576.260000000 – 114740.990000000 – 113430.000000000 — 46.531056438193 – 46.381180727033
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –