BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 90975.800000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 98871.800000000 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative 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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 99588.010000000 |
| Next High | 98871.800000000 |
| Current Price | 92164.210000000 |
| 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