BTC/USDT – 30M – SELLMoreover a ‘Double bottom retreat down’ chart layout is discovered. The chart picture forms ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A bearish trend down to the next support level at 110861.200000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 111412.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Belt Hold’ candle pattern is existing. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency 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 | 113384.620000000 |
| 2nd High | 111700.000000000 |
| Next High | 111412.000000000 |
| Current Price | 111137.340000000 |
| Next Low | 110861.200000000 |
| 2nd Low | 109977.000000000 |
| 3rd Low | 109329.120000000 |
111412.000000000 – 111377.190000000 – 110999.830000000 – 110861.200000000 – 109977.000000000 – 110206.960000000 — 61.689845109835 – 50.319684324199
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Double bottom retreat down – –