BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 77140.23 will continue.
Caution: A possible change in the direction of the resistance level at 77885.35 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 78581.93 |
| 2nd High | 78479.37 |
| Next High | 77885.35 |
| Current Price | 77400.210000000 |
| Next Low | 77140.23 |
| 2nd Low | 76960 |
| 3rd Low | 74821.57 |
77885.35 – 78479.37 – 78581.93 – 77140.23 – 77264.08 – 76960 —
77389.010000000 – 77572.810000000 —
40.885303571982 – 46.354876919575 —
– —
77885.35 – 1777111200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –