BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 115100.000000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 115819.060000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117900.000000000 |
| 2nd High | 116121.810000000 |
| Next High | 115819.060000000 |
| Current Price | 115480.050000000 |
| Next Low | 115100.000000000 |
| 2nd Low | 114720.810000000 |
| 3rd Low | 114384.000000000 |
115819.060000000 – 116121.810000000 – 117900.000000000 – 115100.000000000 – 114720.810000000 – 114737.110000000 — 45.789624197446 – 44.341795792156
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –