BTC/USDT – 4H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A bearish movement down to the next support line at 88722.000000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 99588.010000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 99588.010000000 |
| Current Price | 97900.000000000 |
| Next Low | 88722.000000000 |
| 2nd Low | 66835.000000000 |
| 3rd Low | 65260.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing