BTC/USDT – 4H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 106733.330000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 108952.380000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
There is also a ‘Three Outside Down’ candle pattern is found. The chart shows ‘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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110718.000000000 |
| 2nd High | 110530.170000000 |
| Next High | 108952.380000000 |
| Current Price | 107489.230000000 |
| Next Low | 106733.330000000 |
| 2nd Low | 106356.760000000 |
| 3rd Low | 98200.000000000 |
108272.450000000 – 106524.650000000 – 108952.380000000 – 106733.330000000 – 106356.760000000 – 98200.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern