BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support at 113430.000000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 116331.810000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Belt Hold’ candle pattern is existing. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The 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 | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116331.810000000 |
| Current Price | 115048.000000000 |
| Next Low | 113430.000000000 |
| 2nd Low | 113155.030000000 |
| 3rd Low | 110917.450000000 |
116331.810000000 – 114715.020000000 – 114459.650000000 – 113430.000000000 – 113155.030000000 – 110917.450000000 — 51.702865368168 – 48.131088540861
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Double bottom chart pattern – –