BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 91632.1 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.
Additionally a ‘Bearish Belt Hold’ candlestick pattern is found. The chart forms ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94444.44 |
| 2nd High | 93845.03 |
| Next High | 91632.1 |
| Current Price | 90328.340000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
91632.1 – 93845.03 – 94444.44 – 89694.66 – 89311 – 90675.52 — 49.27156537722 – 44.058072458659 — 48.654178712394 – 31.895766504297 – 58.538055698564 – 44.912632723016
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –