BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 87035.51 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 89010 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Tweezers Top’ chart pattern is existing. The chart shows ‘Tweezers Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93420 |
| 2nd High | 91224.99 |
| Next High | 89010 |
| Current Price | 87546.580000000 |
| Next Low | 87035.51 |
| 2nd Low | 86806.5 |
| 3rd Low | 86655.08 |
89010 – 91224.99 – 90088.94 – 87035.51 – 88578.36 – 88515.37 —
88397.850000000 – 88189.440000000 —
43.054862443047 – 45.15227156731 —
– —
89010.00000 – 1769486400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – – –