BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
The bearish trend downwards to the next support line at 92520.000000000 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 96595.980000000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 107793.070000000 |
| 2nd High | 99963.700000000 |
| Next High | 96595.980000000 |
| Current Price | 94623.670000000 |
| Next Low | 92520.000000000 |
| 2nd Low | 90500.000000000 |
| 3rd Low | 89376.900000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing