BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A bearish descent downwards to the next support at 83034.230000000 will continue.
Caution: A possible change in the direction of the resistance zone at 85544.300000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Last Engulfing Top’ chart pattern is existing. The chart shows ‘Last Engulfing Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 87728.270000000 |
| 2nd High | 86100.000000000 |
| Next High | 85544.300000000 |
| Current Price | 84944.420000000 |
| Next Low | 83034.230000000 |
| 2nd Low | 78969.580000000 |
| 3rd Low | 78464.360000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top