BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 115449.590000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 116109.000000000 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘Last Engulfing Top’ candlestick pattern is discovered. The candles show ‘Last Engulfing Top’. which is a negative chart scenario. The pair is likely to go down. 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 | 116665.630000000 |
| 2nd High | 116166.710000000 |
| Next High | 116109.000000000 |
| Current Price | 115956.490000000 |
| Next Low | 115449.590000000 |
| 2nd Low | 115127.270000000 |
| 3rd Low | 114740.990000000 |
116109.000000000 – 116166.710000000 – 116665.630000000 – 115449.590000000 – 115127.270000000 – 115576.260000000 — 61.882384634881 – 55.574620504416
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – – –