BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
A bearish movement down to the next support line at 88722.000000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 91850.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candle chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 91850.000000000 |
| Current Price | 90356.800000000 |
| Next Low | 88722.000000000 |
| 2nd Low | 86668.210000000 |
| 3rd Low | 85229.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing