BTC/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

The combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.

A bearish trend down to the next support at 114259.000000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 117944.050000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘RSI fall below 70’ indicator signal is discovered. The indicator shows ‘RSI fall below 70’. which could be a positive chart signal. The currency pair could go up.

Furthermore a ‘StochRSI cross above 20’ indicator signal is discovered. The indicator shows ‘StochRSI cross above 20’. which could be a positive chart signal. The currency pair could go up.

Furthermore a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

117944.050000000 – 115716.000000000 – 115720.000000000 – 114259.000000000 – 112650.000000000 – 114121.000000000 — 61.40258635282 – 55.647044018992

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –