BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support line at 112380.000000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 115875.840000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Bearish Belt Hold’ candle pattern is detected. The chart forms ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 116980.000000000 |
| Next High | 115875.840000000 |
| Current Price | 114271.240000000 |
| Next Low | 112380.000000000 |
| 2nd Low | 111920.000000000 |
| 3rd Low | 107429.570000000 |
115875.840000000 – 116980.000000000 – 118575.000000000 – 112380.000000000 – 112566.010000000 – 114640.140000000 — 57.946363895131 – 53.807119548435
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Triple bottom chart pattern – –