BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 89850 will persist.
Caution: A possible trend reversal in the direction of resistance at 92082.55 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
Furthermore a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94444.44 |
| 2nd High | 93845.03 |
| Next High | 92082.55 |
| Current Price | 90621.430000000 |
| Next Low | 89850 |
| 2nd Low | 89694.66 |
| 3rd Low | 89311 |
92082.55 – 91632.1 – 93845.03 – 89850 – 89694.66 – 89311 — 48.910596548649 – 48.565714651569 — 34.245185669448 – 36.683340408884 – 29.258903060933 – 33.670699018084
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –