BTC/USDT – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

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

A descent down to the next support level at 116359.890000000 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 122335.160000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘RSI fall below 30’ indicator signal is detected. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Southern Doji’ candlestick pattern is discovered. The chart shows ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

122335.160000000 – 117944.050000000 – 115716.000000000 – 116359.890000000 – 114259.000000000 – 112650.000000000 — 39.501931311007 – 38.617605680374

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –