BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
The bearish trend down to the next support line at 100609.410000000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 103550.000000000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 104088.000000000 |
| Next High | 103550.000000000 |
| Current Price | 103144.830000000 |
| Next Low | 100609.410000000 |
| 2nd Low | 99205.000000000 |
| 3rd Low | 94256.540000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing