BTC/USDT – 4H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support level at 109977.000000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 116665.630000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Next a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

116665.630000000 – 113384.620000000 – 113485.900000000 – 109977.000000000 – 109329.120000000 – 107255.000000000 — 59.004054626218 – 47.670906077927

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –