BTC/USDT – 4H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
A descending movement down to the next support line at 115736.920000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 123218.000000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Matching Low’ candle chart pattern is discovered. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 123218.000000000 |
| Current Price | 119250.720000000 |
| Next Low | 115736.920000000 |
| 2nd Low | 107245.000000000 |
| 3rd Low | 106733.330000000 |
123218.000000000 – 118869.980000000 – 110529.180000000 – 115736.920000000 – 107245.000000000 – 106733.330000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Matching Low –