BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support level at 114720.810000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 117286.730000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
There is also a ‘Matching Low’ candle pattern is existing. The chart forms ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 117286.730000000 |
| Current Price | 117086.010000000 |
| Next Low | 114720.810000000 |
| 2nd Low | 114384.000000000 |
| 3rd Low | 113430.000000000 |
117286.730000000 – 116757.990000000 – 116165.190000000 – 114720.810000000 – 114737.110000000 – 114384.000000000 — 59.411426233549 – 59.110832106721
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –