BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 81118 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 84621.16 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Additionally a ‘Matching Low’ chart pattern is existing. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 88500 |
| 2nd High | 84737.69 |
| Next High | 84621.16 |
| Current Price | 81479.990000000 |
| Next Low | 81118 |
| 2nd Low | 80600 |
| 3rd Low | 78969.58 |
84621.16 – 84737.69 – 88500 – 82560.75 – 81871.37 – 81118 —
83167.930000000 – 82844.660000000 —
36.528756560958 – 33.66166681363 —
– —
84621.16000 – 1769801400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Double top chart pattern – –