BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 115329.030000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 115819.060000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Last Engulfing Bottom:’ candle pattern is discovered. The chart forms ‘Last Engulfing Bottom:’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117900.000000000 |
| 2nd High | 116121.810000000 |
| Next High | 115819.060000000 |
| Current Price | 115402.790000000 |
| Next Low | 115329.030000000 |
| 2nd Low | 115100.000000000 |
| 3rd Low | 114720.810000000 |
115819.060000000 – 116121.810000000 – 115985.200000000 – 115329.030000000 – 115441.830000000 – 115408.470000000 — 45.287943991708 – 40.152559095435
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Bottom: – – –