BTC/USDT – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards

A descent downwards to the next support at 116359.890000000 is likely expected.

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

Then a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.

Then a ‘Southern Doji’ candlestick chart pattern is detected. The candles form ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going 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 – –