BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 95021.67 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 95639.45 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Moreover a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95871.47 |
| 2nd High | 95809.08 |
| Next High | 95639.45 |
| Current Price | 95095.680000000 |
| Next Low | 95021.67 |
| 2nd Low | 94293.46 |
| 3rd Low | 91787.61 |
95639.45 – 95600 – 95809.08 – 95021.67 – 94293.46 – 95133.03 — 43.912262197515 – 43.495174353031 — 79.043839390188 – 77.280590502581 – 60.86336540328 – 73.557470014315
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –