BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support at 90975.800000000 will continue.
Caution: A possible change in the direction of the resistance line at is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ chart pattern is found. The candles show ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 94160.550000000 |
| Next Low | 90975.800000000 |
| 2nd Low | 89376.900000000 |
| 3rd Low | 88722.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing