BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support at 90863.47 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 94789.08 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.
Next a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96635.11 |
| 2nd High | 96043 |
| Next High | 94789.08 |
| Current Price | 93648.990000000 |
| Next Low | 90863.47 |
| 2nd Low | 87250 |
| 3rd Low | 86806.5 |
94789.08 – 93388 – 88088.1 – 90863.47 – 87250 – 86806.5 — 56.9771920233 – 52.697412162866 — 70.709686870422 – 59.918268479285 – 61.699679144325 – 64.078934246263
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –