BTC/USDT – 30M – SELLFurthermore a ‘Double bottom retreat down’ chart formation is found. The formation shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A descent down to the next support line at 117550.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 120820.710000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
Furthermore a ‘Two Crows’ candlestick pattern is found. The chart shows ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 120820.710000000 |
| Current Price | 119282.100000000 |
| Next Low | 117550.000000000 |
| 2nd Low | 116128.000000000 |
| 3rd Low | 115736.920000000 |
117950.000000000 – 119233.710000000 – 119676.730000000 – 117550.000000000 – 116128.000000000 – 116467.020000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two Crows – Double bottom retreat down