BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A bearish trend downwards to the next support at 117550.000000000 is expected.
Caution: A possible change in the direction of the resistance level at 120820.710000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 120820.710000000 |
| Current Price | 119400.000000000 |
| Next Low | 117550.000000000 |
| 2nd Low | 116128.000000000 |
| 3rd Low | 115736.920000000 |
117950.000000000 – 119233.710000000 – 119676.730000000 – 117550.000000000 – 116128.000000000 – 116467.020000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Black Crows –