BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
The bearish trend down to the next support line at 105318.370000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 110392.010000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.
Also there is a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110530.170000000 |
| 2nd High | 110400.000000000 |
| Next High | 110392.010000000 |
| Current Price | 106900.950000000 |
| Next Low | 105318.370000000 |
| 2nd Low | 104964.140000000 |
| 3rd Low | 104518.860000000 |
110392.010000000 – 110400.000000000 – 109900.810000000 – 107320.000000000 – 109008.820000000 – 108331.030000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Down