BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 89253.78 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 96043 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ candle pattern is existing. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96846.68 |
| 2nd High | 96635.11 |
| Next High | 96043 |
| Current Price | 91288.580000000 |
| Next Low | 89253.78 |
| 2nd Low | 84347.97 |
| 3rd Low | 83709.25 |
96043 – 96635.11 – 96471.22 – 89253.78 – 93005.55 – 94841.62 — 47.637982982293 – 49.843962972909 — 88.713496448303 – 85.597972832634 – 94.196821768635 – 90.383878665356
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –