BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support line at 93138.000000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 98871.800000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 99588.010000000 |
| Next High | 98871.800000000 |
| Current Price | 95139.990000000 |
| Next Low | 93138.000000000 |
| 2nd Low | 91320.000000000 |
| 3rd Low | 90975.800000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing