BTC/USDT – 4H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 83822.76 is certain.
Caution: A possible change in the direction of the resistance line at 90600 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Last Engulfing Top’ chart pattern is existing. The chart forms ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97924.49 |
| 2nd High | 91224.99 |
| Next High | 90600 |
| Current Price | 84022.690000000 |
| Next Low | 83822.76 |
| 2nd Low | 80600 |
| 3rd Low | 74620 |
90600 – 91224.99 – 97924.49 – 87035.51 – 87263.53 – 94293.46 —
88182.290000000 – 84621.160000000 —
23.873271879775 – 36.168542885329 —
– —
90600.00000 – 1769616000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – – –