BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 105073.530000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.
Next a ‘Bearish Belt Hold’ candlestick pattern is found. The chart shows ‘Bearish Belt Hold’. which is a bearish pattern signal. The 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 | 105325.830000000 |
| 2nd High | 105226.170000000 |
| Next High | 105073.530000000 |
| Current Price | 104406.420000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
105073.530000000 – 105226.170000000 – 105325.830000000 – 103929.270000000 – 104617.690000000 – 103500.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish Belt Hold