BTC/USDT – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A descent down to the next support at 80731.14 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 82850 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Next a ‘Last Engulfing Top’ chart pattern is detected. The chart shows ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84737.69 |
| 2nd High | 84621.16 |
| Next High | 82850 |
| Current Price | 81510.790000000 |
| Next Low | 80731.14 |
| 2nd Low | 80527.76 |
| 3rd Low | 79744.91 |
82850 – 81760.84 – 81791.48 – 80731.14 – 80527.76 – 79744.91 —
82770.400000000 – 81823.000000000 —
68.333016533898 – 47.81985915227 —
– —
82850 – 1778065200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –