BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support level at 72945.5 is certain.
Caution: A possible change in the direction of the resistance level at 76971.52 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.
Besides a ‘Bearish Belt Hold’ candlestick chart pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84621.16 |
| 2nd High | 79360 |
| Next High | 76971.52 |
| Current Price | 74867.000000000 |
| Next Low | 72945.5 |
| 2nd Low | |
| 3rd Low |
76971.52 – 79360 – 84621.16 – 72945.5 – 77644.09 – 74604 —
76830.690000000 – 76302.100000000 —
47.619956129729 – 44.629406442808 —
– —
76971.52 – 1770174000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –