BTC/USDT – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A bearish descent down to the next support at 115576.260000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 116665.630000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Last Engulfing Top’ chart pattern is existing. The candles form ‘Last Engulfing Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116665.630000000 |
| Current Price | 115937.990000000 |
| Next Low | 115576.260000000 |
| 2nd Low | 114740.990000000 |
| 3rd Low | 113430.000000000 |
116665.630000000 – 116331.810000000 – 114715.020000000 – 115576.260000000 – 114740.990000000 – 113430.000000000 — 56.472027697178 – 52.687441688931
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –