BTC/USDT – 30M – SELLNext a ‘Double bottom retreat down’ chart pattern is discovered. The chart forms ‘Double bottom retreat down’. this is a bearish pattern signal. The pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.
A descent down to the next support level at 85420 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 88250 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93160 |
| 2nd High | 92541.92 |
| Next High | 88250 |
| Current Price | 86685.600000000 |
| Next Low | 85420 |
| 2nd Low | 80600 |
| 3rd Low | 78969.58 |
86860 – 85572.82 – 88250 – 85420 – 80600 – 86100 — 64.075216796119 – 56.526207876784 — 74.593315587104 – 64.898616451411 – 58.210520462047 – 64.213962557648
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Double bottom retreat down – –