BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
A bearish descent down to the next support at 97276.790000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 99963.700000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | 107793.070000000 |
| 2nd High | 107000.000000000 |
| Next High | 99963.700000000 |
| Current Price | 98475.090000000 |
| Next Low | 97276.790000000 |
| 2nd Low | 96650.000000000 |
| 3rd Low | 95924.600000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing