BTC/USDT – 1H – SELLBesides a ‘Double bottom retreat down’ chart layout is detected. The chart shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A bearish trend down to the next support level at 114720.810000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 117286.730000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Belt Hold’ candle pattern is existing. The candles form ‘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 chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 117286.730000000 |
| Current Price | 117273.360000000 |
| Next Low | 114720.810000000 |
| 2nd Low | 114384.000000000 |
| 3rd Low | 113430.000000000 |
117286.730000000 – 116757.990000000 – 116165.190000000 – 114720.810000000 – 114737.110000000 – 114384.000000000 — 68.827814697144 – 62.413871167708
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Double bottom retreat down – –