BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support at 116128.000000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 117950.000000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
Furthermore a ‘Two Crows’ chart pattern is discovered. The candles form ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119676.730000000 |
| 2nd High | 119233.710000000 |
| Next High | 117950.000000000 |
| Current Price | 117707.510000000 |
| Next Low | 116128.000000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
117950.000000000 – 119233.710000000 – 119676.730000000 – 116128.000000000 – 116467.020000000 – 117723.230000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two Crows –