BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 81871.37 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 84621.16 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Matching Low’ candlestick pattern is discovered. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 88500 |
| 2nd High | 84737.69 |
| Next High | 84621.16 |
| Current Price | 83021.630000000 |
| Next Low | 81871.37 |
| 2nd Low | 81118 |
| 3rd Low | 80600 |
84621.16 – 84737.69 – 88500 – 81871.37 – 81118 – 83383.33 —
84146.220000000 – 83629.080000000 —
52.560791201926 – 36.098311139333 —
– —
84621.16000 – 1769801400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –