BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A bearish descent down to the next support level at 118074.990000000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 122335.160000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘StochRSI fall below 80’ indicator signal is existing. The indicator is ‘StochRSI fall below 80’. which could be a negative chart signal. The currency pair is likely to fall.
Moreover a ‘Bearish Belt Hold’ candlestick pattern is existing. The chart forms ‘Bearish Belt Hold’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 122335.160000000 |
| Current Price | 119481.480000000 |
| Next Low | 118074.990000000 |
| 2nd Low | 116359.890000000 |
| 3rd Low | 114259.000000000 |
122335.160000000 – 119113.940000000 – 118741.770000000 – 118074.990000000 – 116359.890000000 – 114259.000000000 — 42.780181554664 – 39.269304974866
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – – –