BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support at 116467.020000000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 120998.710000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 120998.710000000 |
| Current Price | 118690.050000000 |
| Next Low | 116467.020000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
118856.800000000 – 118499.900000000 – 120998.710000000 – 116467.020000000 – 117277.340000000 – 116812.760000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two Crows –