BTC/USDT – 4H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

The pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 109977.000000000 is expected.

Caution: A possible change in the direction of the resistance level at 116665.630000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

And also a ‘Bearish Belt Hold’ chart pattern is detected. The chart forms ‘Bearish Belt Hold’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

116665.630000000 – 113384.620000000 – 113485.900000000 – 109977.000000000 – 109329.120000000 – 107255.000000000 — 59.004054626218 – 47.670906077927

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