BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 110862.420000000 is expected.
Caution: A possible change in the direction of resistance at 113360.000000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Last Engulfing Bottom:’ chart pattern is detected. The candles show ‘Last Engulfing Bottom:’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 115666.680000000 |
| 2nd High | 114917.100000000 |
| Next High | 113360.000000000 |
| Current Price | 112567.140000000 |
| Next Low | 110862.420000000 |
| 2nd Low | 110345.420000000 |
| 3rd Low | 109393.930000000 |
113360.000000000 – 112625.000000000 – 112371.000000000 – 110862.420000000 – 110345.420000000 – 109393.930000000 — 59.085808453735 – 47.957247030288
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Bottom: – – –