BTC/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
The bearish trend downwards to the next support at 113579.690000000 is certain.
Caution: A possible change in the direction of resistance at 116019.300000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. this is a bearish 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’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118922.450000000 |
| 2nd High | 118879.140000000 |
| Next High | 116019.300000000 |
| Current Price | 114202.460000000 |
| Next Low | 113579.690000000 |
| 2nd Low | 111920.000000000 |
| 3rd Low | 107429.570000000 |
114260.310000000 – 114063.490000000 – 116019.300000000 – 113579.690000000 – 111920.000000000 – 112003.000000000 — 61.517409884965 – 57.693489718109
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –