BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 89253.78 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 96043 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Belt Hold’ candlestick pattern is detected. The candles show ‘Bearish Belt Hold’. which is a bearish chart scenario. 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 | 96846.68 |
| 2nd High | 96635.11 |
| Next High | 96043 |
| Current Price | 91117.310000000 |
| Next Low | 89253.78 |
| 2nd Low | 84347.97 |
| 3rd Low | 83709.25 |
96043 – 96635.11 – 96471.22 – 89253.78 – 93005.55 – 94841.62 — 52.677339025526 – 47.644444167362 — 96.836932447398 – 88.707087486157 – 97.628270818428 – 94.192965235718
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – – –