BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
A bearish movement down to the next support at 72945.5 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 76971.52 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ candlestick pattern is found. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79186.81 |
| 2nd High | 79084.29 |
| Next High | 76971.52 |
| Current Price | 71223.250000000 |
| Next Low | 72945.5 |
| 2nd Low | |
| 3rd Low |
76971.52 – 79084.29 – 79186.81 – 72945.5 – 77644.09 – 77888 —
73388.820000000 – 72854.390000000 —
44.40962013572 – 31.936327827176 —
– —
76971.52 – 1770175800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –