BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.
A bearish movement down to the next support line at 97920.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 98522.760000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Two Crows’ candle chart pattern is existing. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 107000.000000000 |
| 2nd High | 99963.700000000 |
| Next High | 98522.760000000 |
| Current Price | 99484.830000000 |
| Next Low | 97920.000000000 |
| 2nd Low | 97276.790000000 |
| 3rd Low | 96650.000000000 |