BTC/USDT – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

The pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.

The bearish trend downwards to the next support line at 114740.990000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 116665.630000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

116665.630000000 – 116331.810000000 – 114313.130000000 – 114740.990000000 – 113430.000000000 – 110766.660000000 — 58.475545830727 – 56.024441366012

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