BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 116812.760000000 is expected.
Caution: A possible change in the direction of the resistance zone at 118499.900000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.
Besides a ‘Matching Low’ candlestick pattern is discovered. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. 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 | 120998.710000000 |
| 2nd High | 120820.710000000 |
| Next High | 118499.900000000 |
| Current Price | 117858.110000000 |
| Next Low | 116812.760000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
118499.900000000 – 118371.420000000 – 120820.710000000 – 117943.250000000 – 116812.760000000 – 118395.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Matching Low –