BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 98657.700000000 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 101351.000000000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Bearish Engulfing’ candlestick pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 104088.000000000 |
| 2nd High | 103550.000000000 |
| Next High | 101351.000000000 |
| Current Price | 97368.040000000 |
| Next Low | 98657.700000000 |
| 2nd Low | 90500.000000000 |
| 3rd Low | 89376.900000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing