BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
The bearish trend down to the next support level at 110917.450000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 111745.690000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113384.620000000 |
| 2nd High | 113293.290000000 |
| Next High | 111745.690000000 |
| Current Price | 113899.990000000 |
| Next Low | 110917.450000000 |
| 2nd Low | 110766.660000000 |
| 3rd Low | 110621.780000000 |
111745.690000000 – 113293.290000000 – 112924.370000000 – 110917.450000000 – 110766.660000000 – 111111.000000000 — 81.22678475602 – 75.68320418483
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –