BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at 116128.000000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 119676.730000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Next a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 119676.730000000 |
| Current Price | 118417.990000000 |
| Next Low | 116128.000000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
119676.730000000 – 118856.800000000 – 118499.900000000 – 116128.000000000 – 116467.020000000 – 117277.340000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two Crows –