BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support at 90791.100000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 98871.800000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 99588.010000000 |
| Next High | 98871.800000000 |
| Current Price | 93367.990000000 |
| Next Low | 90791.100000000 |
| 2nd Low | 89376.900000000 |
| 3rd Low | 88722.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing