BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 117304.460000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 118220.000000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120247.800000000 |
| 2nd High | 119450.000000000 |
| Next High | 118220.000000000 |
| Current Price | 117925.450000000 |
| Next Low | 117304.460000000 |
| 2nd Low | 114908.000000000 |
| 3rd Low | 114723.160000000 |
118220.000000000 – 117750.000000000 – 116782.130000000 – 117304.460000000 – 114908.000000000 – 114723.160000000 — 54.979946619024 – 51.122373307335
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – –