BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A descending movement down to the next support at 114720.810000000 will continue.
Caution: A possible change in the direction of the resistance line at 117896.000000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Belt Hold’ candle chart pattern is existing. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119216.820000000 |
| 2nd High | 118575.000000000 |
| Next High | 117896.000000000 |
| Current Price | 117299.210000000 |
| Next Low | 114720.810000000 |
| 2nd Low | 114384.000000000 |
| 3rd Low | 113430.000000000 |
117896.000000000 – 117286.730000000 – 116757.990000000 – 114720.810000000 – 114737.110000000 – 114384.000000000 — 58.630415650519 – 53.489671087232
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – – –