BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A bearish movement down to the next support at 110766.660000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 114313.130000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Last Engulfing Top’ candle chart pattern is detected. The chart forms ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117429.050000000 |
| 2nd High | 115666.680000000 |
| Next High | 114313.130000000 |
| Current Price | 114074.150000000 |
| Next Low | 110766.660000000 |
| 2nd Low | 110621.780000000 |
| 3rd Low | 109977.000000000 |
114313.130000000 – 113293.290000000 – 112924.370000000 – 110766.660000000 – 111111.000000000 – 110621.780000000 — 68.799206945222 – 62.032699591984
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – Double bottom retreat down – –