BTC/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards
A bearish trend down to the next support level at 62829.81 is certain.
Caution: A possible change in the direction of the resistance zone at 64394.44 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Matching Low’ candle chart pattern is discovered. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74275.66 |
| 2nd High | 74198 |
| Next High | 64394.44 |
| Current Price | 63512.010000000 |
| Next Low | 62829.81 |
| 2nd Low | 62348 |
| 3rd Low | 60755 |
64394.44 – 63933.02 – 62857.99 – 62829.81 – 62348 – 60755 —
63830.930000000 – 63837.890000000 —
52.103413433055 – 52.69240123653 —
– —
64394.44 – 1781276400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –