BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
A bearish trend downwards to the next support level at 95658.240000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 98270.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative signal. The 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 | 101351.000000000 |
| 2nd High | 100421.800000000 |
| Next High | 98270.000000000 |
| Current Price | 97830.900000000 |
| Next Low | 95658.240000000 |
| 2nd Low | 94256.540000000 |
| 3rd Low | 94150.050000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing