BTC/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
A bearish trend downwards to the next support level at 117141.130000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 118869.980000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading 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