BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 88578.36 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 91224.99 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.
Next a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. which is a negative signal. The 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 | 95531.12 |
| 2nd High | 93420 |
| Next High | 91224.99 |
| Current Price | 89723.130000000 |
| Next Low | 88578.36 |
| 2nd Low | 88515.37 |
| 3rd Low | 87263.53 |
91224.99 – 90088.94 – 89946.13 – 88578.36 – 88515.37 – 87263.53 — 51.967192694071 – 50.949488336846 — 88.835637480799 – 74.565284178187 – 80.888107181577 – 83.311012680233
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –