BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 65259.21 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 70096 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Additionally a ‘Tweezers Top’ chart pattern is detected. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71126 |
| 2nd High | 70126.67 |
| Next High | 70096 |
| Current Price | 67003.300000000 |
| Next Low | 65259.21 |
| 2nd Low | 65056 |
| 3rd Low | 63030 |
70096 – 68199.99 – 68216.8 – 65259.21 – 65056 – 63030 —
69479.580000000 – 68250.240000000 —
61.055346193995 – 51.762227609381 —
– —
70096 – 1772467200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –