BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 81871.37 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 84621.16 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91224.99 |
| 2nd High | 90600 |
| Next High | 84621.16 |
| Current Price | 78532.170000000 |
| Next Low | 81871.37 |
| 2nd Low | 81118 |
| 3rd Low | 80600 |
84621.16 – 90600 – 89523.16 – 81871.37 – 81118 – 87704 —
82200.000000000 – 79240.000000000 —
17.80727292894 – 27.063047491892 —
– —
84621.16000 – 1769799600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –