BTC/USDT – 1H – SELLThen a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A descending movement downwards to the next support line at 110206.960000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 113384.620000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Last Engulfing Bottom:’ candlestick chart pattern is detected. The candles show ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 115666.680000000 |
| 2nd High | 113485.900000000 |
| Next High | 113384.620000000 |
| Current Price | 110038.410000000 |
| Next Low | 110206.960000000 |
| 2nd Low | 109329.120000000 |
| 3rd Low | 108393.390000000 |
113384.620000000 – 112575.270000000 – 111782.210000000 – 110206.960000000 – 109329.120000000 – 110528.710000000 — 39.224076216479 – 36.601538471471
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern – –