BTC/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support at 117141.130000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 118869.980000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 118869.980000000 |
| Current Price | 117665.600000000 |
| Next Low | 117141.130000000 |
| 2nd Low | 116604.870000000 |
| 3rd Low | 107429.570000000 |
118869.980000000 – 108525.000000000 – 109700.000000000 – 117141.130000000 – 116604.870000000 – 107429.570000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern