BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 118181.140000000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 119192.000000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Tweezers Top’ candlestick pattern is found. The chart forms ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120063.840000000 |
| Next High | 119192.000000000 |
| Current Price | 118513.830000000 |
| Next Low | 118181.140000000 |
| 2nd Low | 117017.290000000 |
| 3rd Low | 115736.920000000 |
119192.000000000 – 120063.840000000 – 118195.000000000 – 118181.140000000 – 117017.290000000 – 115736.920000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Tweezers Top –