BTC/USDT – 30M – SELLMoreover 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 currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A bearish trend downwards to the next support at 115576.260000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 116665.630000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Last Engulfing Top’ chart pattern is found. The chart forms ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116665.630000000 |
| Current Price | 115937.990000000 |
| Next Low | 115576.260000000 |
| 2nd Low | 114740.990000000 |
| 3rd Low | 113430.000000000 |
116665.630000000 – 116331.810000000 – 114715.020000000 – 115576.260000000 – 114740.990000000 – 113430.000000000 — 56.472027697178 – 52.687441688931
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –