BTC/USDT – 1H – SELL

The currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support level at 81871.37 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 84621.16 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Matching Low’ candlestick chart pattern is found. The chart forms ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

84621.16 – 90600 – 89523.16 – 81871.37 – 81118 – 87704 —
83203.260000000 – 80550.740000000 —
39.626639296079 – 13.192719958655 —
– —
84621.16000 – 1769799600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –