BTC/USDT – 4H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support level at 114720.810000000 is expected.
Caution: A possible change in the direction of the resistance level at 117429.050000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. this 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 ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124474.000000000 |
| 2nd High | 118575.000000000 |
| Next High | 117429.050000000 |
| Current Price | 115407.490000000 |
| Next Low | 114720.810000000 |
| 2nd Low | 114384.000000000 |
| 3rd Low | 109977.000000000 |
116665.630000000 – 113384.620000000 – 113485.900000000 – 114720.810000000 – 114384.000000000 – 109977.000000000 — 45.545526907483 – 41.804488416936
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –