BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A bearish movement downwards to the next support level at 99205.000000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 102540.000000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is detected. 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 probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 104088.000000000 |
| 2nd High | 103550.000000000 |
| Next High | 102540.000000000 |
| Current Price | 101681.810000000 |
| Next Low | 99205.000000000 |
| 2nd Low | 94256.540000000 |
| 3rd Low | 94150.050000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing