BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support at 102126.160000000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 106853.270000000 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Bearish Belt Hold’ candle pattern is found. The candles form ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to go down. 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 | |
| 2nd High | |
| Next High | 106853.270000000 |
| Current Price | 104821.090000000 |
| Next Low | 102126.160000000 |
| 2nd Low | 102000.000000000 |
| 3rd Low | 101383.070000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold