BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
The bearish trend downwards to the next support level at 116900.050000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Matching Low’ candlestick chart pattern is discovered. The chart shows ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 121905.480000000 |
| Next Low | 116900.050000000 |
| 2nd Low | 116604.870000000 |
| 3rd Low | 107429.570000000 |
118200.000000000 – 118869.980000000 – 109700.000000000 – 116900.050000000 – 116604.870000000 – 107429.570000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Matching Low – Double bottom retreat down