BTC/USDT – 4H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 63030.000000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 69988.83 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 72271.41 |
| 2nd High | 70126.67 |
| Next High | 69988.83 |
| Current Price | 65962.170000000 |
| Next Low | 63030.000000000 |
| 2nd Low | 62510.28 |
| 3rd Low | 60000 |
69988.83 – 68698.7 – 70126.67 – 63030.000000000 – 62510.28 – 65631.83 —
65818.440000000 – 67292.300000000 —
34.656545725355 – 50.840831302609 —
63030.000000000 – 1772251200 —
69988.83 – 1772049600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –