BTC/USDT – 4H – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 74620 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 107500 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Outside Down’ candle chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. 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 | 116400 |
| 2nd High | 111250.01 |
| Next High | 107500 |
| Current Price | 90512.100000000 |
| Next Low | 74620 |
| 2nd Low | |
| 3rd Low |
107500 – 111250.01 – 116400 – 94012.45 – 99260.86 – 98944.36 — 28.242176736127 – 27.440997851693 — 8.2222056668902 – 8.2222056668902 – 23.762891298362 – 12.017933578374
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –