BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support level at 107429.570000000 will persist.
Caution: A possible change in the direction of the resistance level at 112937.260000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 115666.680000000 |
| 2nd High | 114917.100000000 |
| Next High | 112937.260000000 |
| Current Price | 109513.400000000 |
| Next Low | 107429.570000000 |
| 2nd Low | 107245.000000000 |
| 3rd Low | 106900.020000000 |
112937.260000000 – 114917.100000000 – 115666.680000000 – 110588.000000000 – 110680.000000000 – 114560.000000000 — 25.503353535824 – 25.240053555078
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –