BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A descent down to the next support level at 94640.000000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 97208.210000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. this 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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99588.010000000 |
| 2nd High | 98871.800000000 |
| Next High | 97208.210000000 |
| Current Price | 94972.000000000 |
| Next Low | 94640.000000000 |
| 2nd Low | 92847.840000000 |
| 3rd Low | 90791.100000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing