BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support level at 90889 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 92692.36 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Belt Hold’ candle pattern is found. The candles form ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94150 |
| 2nd High | 93621.31 |
| Next High | 92692.36 |
| Current Price | 92258.650000000 |
| Next Low | 90889 |
| 2nd Low | 83822.76 |
| 3rd Low | 80600 |
92692.36 – 93621.31 – 94150 – 90889 – 91697 – 83822.76 — 53.339815145301 – 49.31568958273 — 65.417249417249 – 79.716732187836 – 34.946386946387 – 59.072632563
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – – –