BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at is likely expected.
Caution: A possible change in the direction of resistance at 110000.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.
Moreover a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110530.170000000 |
| 2nd High | 110529.180000000 |
| Next High | 110000.000000000 |
| Current Price | 107984.240000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
110000.000000000 – 110529.180000000 – 108789.990000000 – 107245.000000000 – 108518.830000000 – 108749.990000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Down –