BTC/USDT – 1H – SELLIn addition a ‘Double top retreat up’ chart layout is detected. The formation shows ‘Double top retreat up’. this is a bullish pattern signal. The currency pair is likely to go up.
The combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
A descent downwards to the next support at 95021.67 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 95639.45 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bullish Engulfing’ chart pattern is discovered. The candles form ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97924.49 |
| 2nd High | 95871.47 |
| Next High | 95639.45 |
| Current Price | 95022.010000000 |
| Next Low | 95021.67 |
| 2nd Low | 94293.46 |
| 3rd Low | 90128.44 |
95639.45 – 95871.47 – 97924.49 – 95021.67 – 94293.46 – 95133.03 — 37.854246835455 – 40.188174962506 — 4.0694696652233 – 4.4580452604934 – 12.632118079806 – 6.0637804482255
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bullish Engulfing – Double top retreat up – –