BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 100826.380000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 101742.430000000 could occur.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 103550.000000000 |
| 2nd High | 102650.000000000 |
| Next High | 101742.430000000 |
| Current Price | 101169.380000000 |
| Next Low | 100826.380000000 |
| 2nd Low | 99700.000000000 |
| 3rd Low | 99205.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing