BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
A descent downwards to the next support line at 90863.47 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 94789.080000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Belt Hold’ candle chart pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 94789.080000000 |
| Current Price | 93599.990000000 |
| Next Low | 90863.47 |
| 2nd Low | 87250 |
| 3rd Low | 86806.5 |
94789.080000000 – 93388 – 88088.1 – 90863.47 – 87250 – 86806.5 — 59.665244071553 – 55.030047635623 — 9.4321254732288 – 9.4321254732288 – 4.5634276786251 – 7.7074695030347
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –