BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support at 117859.980000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 118438.830000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish Belt Hold’ chart pattern is detected. The candles form ‘Bearish Belt Hold’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120247.800000000 |
| 2nd High | 119450.000000000 |
| Next High | 118438.830000000 |
| Current Price | 118754.130000000 |
| Next Low | 117859.980000000 |
| 2nd Low | 117825.500000000 |
| 3rd Low | 117304.460000000 |
118438.830000000 – 118297.350000000 – 118220.000000000 – 117859.980000000 – 117825.500000000 – 117304.460000000 — 62.203599601934 – 53.487155832211
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – –