BTC/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.
A descent down to the next support at 110862.420000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 113485.900000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117429.050000000 |
| 2nd High | 115666.680000000 |
| Next High | 113485.900000000 |
| Current Price | 111393.000000000 |
| Next Low | 110862.420000000 |
| 2nd Low | 110345.420000000 |
| 3rd Low | 109393.930000000 |
113485.900000000 – 112625.000000000 – 112371.000000000 – 110862.420000000 – 110345.420000000 – 109393.930000000 — 39.559941885981 – 39.266119716054
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –