BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 89253.78 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 93836.01 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
Moreover a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Moreover a ‘Two Crows’ chart pattern is found. The chart forms ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96635.11 |
| 2nd High | 96043 |
| Next High | 93836.01 |
| Current Price | 89905.780000000 |
| Next Low | 89253.78 |
| 2nd Low | 83709.25 |
| 3rd Low | 83034.23 |
93836.01 – 96043 – 96635.11 – 90025.06 – 89253.78 – 93005.55 — 35.815889567379 – 35.555771505392 — 54.545454545455 – 35.231219818451 – 64.06807392694 – 54.990055069859
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –