BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
A bearish descent downwards to the next support level at 90863.47 will persist.
Caution: A possible change in the direction of the resistance zone at 96043 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Belt Hold’ candlestick pattern is detected. The chart forms ‘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 success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105333.33 |
| 2nd High | 96635.11 |
| Next High | 96043 |
| Current Price | 93859.710000000 |
| Next Low | 90863.47 |
| 2nd Low | 87250 |
| 3rd Low | 86806.5 |
93388 – 88088.1 – 89200 – 90863.47 – 87250 – 86806.5 — 68.640437985448 – 61.924932828803 — 50.181173001474 – 31.191743509009 – 62.431799818411 – 46.856752546834
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –