BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 114723.160000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 119450.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Southern Doji’ candle pattern is detected. The chart shows ‘Southern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120820.710000000 |
| 2nd High | 120247.800000000 |
| Next High | 119450.000000000 |
| Current Price | 116103.800000000 |
| Next Low | 114723.160000000 |
| 2nd Low | 107429.570000000 |
| 3rd Low | 107245.000000000 |
119450.000000000 – 118814.470000000 – 119273.360000000 – 114723.160000000 – 117832.320000000 – 117103.100000000 — 40.466045296314 – 40.442448466258
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – –