BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 92520.000000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 95315.500000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Belt Hold’ chart pattern is existing. The chart shows ‘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 likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96621.950000000 |
| 2nd High | 96595.980000000 |
| Next High | 95315.500000000 |
| Current Price | 93532.000000000 |
| Next Low | 92520.000000000 |
| 2nd Low | 90500.000000000 |
| 3rd Low | 89667.660000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold