BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 114366.000000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 115875.840000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Belt Hold’ chart pattern is found. The candles form ‘Bearish Belt Hold’. which is a negative 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 | 117995.370000000 |
| 2nd High | 116980.000000000 |
| Next High | 115875.840000000 |
| Current Price | 113252.480000000 |
| Next Low | 114366.000000000 |
| 2nd Low | 114259.000000000 |
| 3rd Low | 113579.900000000 |
115875.840000000 – 116980.000000000 – 117995.370000000 – 114366.000000000 – 114640.140000000 – 117321.530000000 — 30.456582283305 – 27.890410104341
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – – –