BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 72945.5 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 76971.52 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79186.81 |
| 2nd High | 79084.29 |
| Next High | 76971.52 |
| Current Price | 76119.000000000 |
| Next Low | 72945.5 |
| 2nd Low | |
| 3rd Low |
76971.52 – 79084.29 – 79186.81 – 72945.5 – 77644.09 – 77888 —
76526.800000000 – 76600.000000000 —
50.750336665648 – 52.292777658464 —
– —
76971.52 – 1770175800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –