BTC/USDT – 30M – SELLBesides a ‘Double top chart pattern’ chart pattern is found. The formation shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.
The currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
The bearish trend down to the next support level at 116128.000000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 120247.800000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair could go down.
Besides a ‘Bearish Belt Hold’ chart pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120820.710000000 |
| Next High | 120247.800000000 |
| Current Price | 117381.440000000 |
| Next Low | 116128.000000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
120247.800000000 – 117950.000000000 – 119233.710000000 – 117550.000000000 – 116128.000000000 – 116467.020000000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Double top chart pattern –