BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A descending movement down to the next support at 105318.370000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 108450.160000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110400.000000000 |
| 2nd High | 110392.010000000 |
| Next High | 108450.160000000 |
| Current Price | 103721.520000000 |
| Next Low | 105318.370000000 |
| 2nd Low | 104964.140000000 |
| 3rd Low | 104518.860000000 |
108450.160000000 – 110392.010000000 – 110400.000000000 – 106600.000000000 – 107320.000000000 – 109008.820000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Down