BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support level at 102345.000000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 106524.650000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Belt Hold’ candle pattern is existing. The candles show ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110392.010000000 |
| 2nd High | 108952.380000000 |
| Next High | 106524.650000000 |
| Current Price | 103200.410000000 |
| Next Low | 102345.000000000 |
| 2nd Low | 102126.160000000 |
| 3rd Low | 102000.000000000 |
106524.650000000 – 104898.310000000 – 105073.530000000 – 102345.000000000 – 104238.020000000 – 103929.270000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish Belt Hold