BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 108749.990000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 110000.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Two Crows’ candle pattern is existing. The candles show ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | 110530.170000000 |
| 2nd High | 110529.180000000 |
| Next High | 110000.000000000 |
| Current Price | 108850.960000000 |
| Next Low | 108749.990000000 |
| 2nd Low | 106900.020000000 |
| 3rd Low | 106733.330000000 |
110000.000000000 – 110529.180000000 – 108789.990000000 – 108749.990000000 – 106900.020000000 – 106733.330000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two Crows –