BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 115796.230000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 118792.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Also there is a ‘Last Engulfing Bottom:’ candle pattern is detected. The candles show ‘Last Engulfing Bottom:’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119800.000000000 |
| 2nd High | 119273.360000000 |
| Next High | 118792.000000000 |
| Current Price | 118374.480000000 |
| Next Low | 115796.230000000 |
| 2nd Low | 114908.000000000 |
| 3rd Low | 114723.160000000 |
118792.000000000 – 118481.810000000 – 119273.360000000 – 115796.230000000 – 117358.840000000 – 116950.750000000 — 62.017045779848 – 59.771846129432
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Bottom: – Double bottom retreat down –