BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support level at 84347.970000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 95199.000000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 95758.040000000 |
| Next High | 95199.000000000 |
| Current Price | 94142.850000000 |
| Next Low | 84347.970000000 |
| 2nd Low | 83709.250000000 |
| 3rd Low | 83034.230000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down