BTC/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards

A bearish movement downwards to the next support line at 114148.580000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 115000.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI cross above 20’ indicator layout is detected. The indicator shows ‘StochRSI cross above 20’. this is usually a bullish chart signal. The currency pair is likely to rise.

Next a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

115000.000000000 – 114260.310000000 – 114063.490000000 – 114148.580000000 – 113579.690000000 – 111920.000000000 — 48.119133045946 – 45.613786032027

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –