BTC/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
The bearish trend down to the next support level at 110766.660000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 113293.290000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Belt Hold’ candle pattern is existing. The candles show ‘Bearish Belt Hold’. which is a negative chart scenario. The currency 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 | 113485.900000000 |
| 2nd High | 113384.620000000 |
| Next High | 113293.290000000 |
| Current Price | 111194.010000000 |
| Next Low | 110766.660000000 |
| 2nd Low | 110621.780000000 |
| 3rd Low | 109977.000000000 |
113293.290000000 – 112924.370000000 – 111600.000000000 – 110766.660000000 – 111111.000000000 – 110621.780000000 — 48.266293704022 – 41.146978613848
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –