BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 119676.730000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
Furthermore a ‘Bearish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bearish Belt Hold’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 119676.730000000 |
| Current Price | 117027.810000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
119676.730000000 – 118856.800000000 – 118499.900000000 – 116467.020000000 – 117277.340000000 – 116812.760000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish Belt Hold – Double bottom chart pattern