BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support at 99205.000000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 102540.000000000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Evening Star’ candlestick chart pattern is detected. The chart forms ‘Evening Star’. 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 likelyhood of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 104088.000000000 |
| 2nd High | 103550.000000000 |
| Next High | 102540.000000000 |
| Current Price | 101803.030000000 |
| Next Low | 99205.000000000 |
| 2nd Low | 94256.540000000 |
| 3rd Low | 94150.050000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Evening Star