BTC/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 115127.270000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 116165.190000000 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116665.630000000 |
| 2nd High | 116166.710000000 |
| Next High | 116165.190000000 |
| Current Price | 115388.210000000 |
| Next Low | 115127.270000000 |
| 2nd Low | 114740.990000000 |
| 3rd Low | 113430.000000000 |
116165.190000000 – 116109.000000000 – 116166.710000000 – 115449.590000000 – 115127.270000000 – 115576.260000000 — 43.417225629134 – 40.981426700524
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –