BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
A bearish descent down to the next support line at 92407.13 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 94789.08 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Tweezers Top’ chart pattern is found. The candles show ‘Tweezers Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96635.11 |
| 2nd High | 96043 |
| Next High | 94789.08 |
| Current Price | 93771.820000000 |
| Next Low | 92407.13 |
| 2nd Low | 92155 |
| 3rd Low | 90863.47 |
94789.08 – 93388 – 89120.01 – 92407.13 – 92155 – 90863.47 — 56.667240141362 – 50.415296713133 — 9.2394822006472 – 9.2394822006472 – 3.5940589140387 – 6.2495505213952
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – – –