BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 117180.000000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 119216.820000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘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 chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 124474.000000000 |
| Next High | 119216.820000000 |
| Current Price | 117255.810000000 |
| Next Low | 117180.000000000 |
| 2nd Low | 116359.890000000 |
| 3rd Low | 114259.000000000 |
119216.820000000 – 124474.000000000 – 120324.430000000 – 117180.000000000 – 118920.920000000 – 118207.470000000 — 28.248426141977 – 26.856842530014
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Double top chart pattern – –