BTC/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A descending movement downwards to the next support level at 114740.990000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 116665.630000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Outside Down’ chart pattern is existing. The candles show ‘Three Outside Down’. 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 ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116665.630000000 |
| Current Price | 115764.300000000 |
| Next Low | 114740.990000000 |
| 2nd Low | 113430.000000000 |
| 3rd Low | 113155.030000000 |
116665.630000000 – 116331.810000000 – 114715.020000000 – 114740.990000000 – 113430.000000000 – 113155.030000000 — 54.384884453363 – 48.739966710587
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –