BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support at 66680.57 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 69588 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a negative 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’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 72026.09 |
| 2nd High | 71594.11 |
| Next High | 69588 |
| Current Price | 69625.600000000 |
| Next Low | 66680.57 |
| 2nd Low | 66611.66 |
| 3rd Low | 66508.1 |
69588 – 67856.16 – 67562.93 – 66680.57 – 66611.66 – 66775.91 —
69106.950000000 – 69870.930000000 —
60.916126556362 – 69.78568108529 —
– —
69588 – 1775433600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – – –