BTC/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
A descent down to the next support at 110861.200000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 111600.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113384.620000000 |
| 2nd High | 111700.000000000 |
| Next High | 111600.000000000 |
| Current Price | 111052.110000000 |
| Next Low | 110861.200000000 |
| 2nd Low | 109977.000000000 |
| 3rd Low | 109329.120000000 |
111600.000000000 – 111412.000000000 – 111377.190000000 – 110861.200000000 – 109977.000000000 – 110206.960000000 — 52.385752603785 – 49.638360958708
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –