BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
A descending movement downwards to the next support at 113430.000000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 115666.680000000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Southern Doji’ candle pattern is detected. The chart shows ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 115666.680000000 |
| Current Price | 115194.140000000 |
| Next Low | 113430.000000000 |
| 2nd Low | 113155.030000000 |
| 3rd Low | 110917.450000000 |
114715.020000000 – 114459.650000000 – 114313.130000000 – 113430.000000000 – 113155.030000000 – 110917.450000000 — 56.100507380605 – 55.707724796275
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – Double bottom chart pattern – –