BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support level at 90863.47 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 94789.08 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Bearish Belt Hold’ chart pattern is discovered. The candles form ‘Bearish Belt Hold’. this is a bearish signal. The currency 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 | 96635.11 |
| 2nd High | 96043 |
| Next High | 94789.08 |
| Current Price | 93255.080000000 |
| Next Low | 90863.47 |
| 2nd Low | 87250 |
| 3rd Low | 86806.5 |
94789.08 – 93388 – 88088.1 – 90863.47 – 87250 – 86806.5 — 58.274793378025 – 47.812911752108 — 10.385158826689 – 5.1984892715188 – 9.7646755110724 – 8.3460273171574
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –