BTC/USDT – 30M – SELLFurthermore a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 114740.990000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 116757.990000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Last Engulfing Top’ chart pattern is detected. The chart forms ‘Last Engulfing Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116757.990000000 |
| Current Price | 114794.010000000 |
| Next Low | 114740.990000000 |
| 2nd Low | 113430.000000000 |
| 3rd Low | 113155.030000000 |
116757.990000000 – 116087.350000000 – 116165.190000000 – 114825.000000000 – 115141.800000000 – 115449.590000000 — 42.948610410807 – 38.652110572257
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – Double top chart pattern – –