BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 95224.170000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 96250.000000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Engulfing’ candle pattern is found. 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 chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98619.990000000 |
| 2nd High | 97234.020000000 |
| Next High | 96250.000000000 |
| Current Price | 95647.140000000 |
| Next Low | 95224.170000000 |
| 2nd Low | 93578.170000000 |
| 3rd Low | 92847.840000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing