BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support line at 110917.450000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 114917.100000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Southern Doji’ candlestick pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117429.050000000 |
| 2nd High | 115666.680000000 |
| Next High | 114917.100000000 |
| Current Price | 113853.990000000 |
| Next Low | 110917.450000000 |
| 2nd Low | 110766.660000000 |
| 3rd Low | 110621.780000000 |
111745.690000000 – 113293.290000000 – 112924.370000000 – 110917.450000000 – 110766.660000000 – 111111.000000000 — 74.588987540509 – 74.318179920924
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – – –