BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at 94971.440000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 95315.500000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Engulfing’ candlestick 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 | 96621.950000000 |
| 2nd High | 96595.980000000 |
| Next High | 95315.500000000 |
| Current Price | 94657.260000000 |
| Next Low | 94971.440000000 |
| 2nd Low | 92520.000000000 |
| 3rd Low | 90500.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing