BTC/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A descent down to the next support at 106733.330000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 110529.180000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110718.000000000 |
| 2nd High | 110530.170000000 |
| Next High | 110529.180000000 |
| Current Price | 108888.000000000 |
| Next Low | 106733.330000000 |
| 2nd Low | 106356.760000000 |
| 3rd Low | 99613.330000000 |
110529.180000000 – 108789.990000000 – 108528.500000000 – 106733.330000000 – 107250.000000000 – 106356.760000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern