BTC/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A bearish trend downwards to the next support at 66042.72 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 68199.99 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Collapsing Doji Star’ candle chart pattern is found. The chart shows ‘Collapsing Doji Star’. 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 ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 68722.64 |
| 2nd High | 68216.8 |
| Next High | 68199.99 |
| Current Price | 66560.140000000 |
| Next Low | 66042.72 |
| 2nd Low | 63030 |
| 3rd Low | 62510.28 |
68199.99 – 66025.52 – 68216.8 – 66042.72 – 63030 – 64914.46 —
67612.140000000 – 67235.720000000 —
61.459657529298 – 56.864873821869 —
– —
68199.99 – 1772330400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern – –