BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 90500.000000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 100439.180000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Evening Star’ chart pattern is existing. The chart forms ‘Evening Star’. 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 likelyhood of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 104088.000000000 |
| 2nd High | 103550.000000000 |
| Next High | 100439.180000000 |
| Current Price | 98980.010000000 |
| Next Low | 90500.000000000 |
| 2nd Low | 89376.900000000 |
| 3rd Low | 88722.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Evening Star