And also a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
A bearish movement down to the next support at 113579.690000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 116019.300000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118922.450000000 |
| 2nd High | 118879.140000000 |
| Next High | 116019.300000000 |
| Current Price | 114202.460000000 |
| Next Low | 113579.690000000 |
| 2nd Low | 111920.000000000 |
| 3rd Low | 107429.570000000 |
114260.310000000 – 114063.490000000 – 116019.300000000 – 113579.690000000 – 111920.000000000 – 112003.000000000 — 61.517409884965 – 57.693489718109
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –