BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support level at 70645.47 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 73558.15 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Last Engulfing Top’ candle chart pattern is discovered. The candles form ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 76971.52 |
| 2nd High | 74050 |
| Next High | 73558.15 |
| Current Price | 71252.430000000 |
| Next Low | 70645.47 |
| 2nd Low | 67400 |
| 3rd Low | 66158 |
73558.15 – 74050 – 68909.34 – 70645.47 – 71757.17 – 72313.04 —
71295.860000000 – 71301.740000000 —
42.74770202394 – 48.436454875637 —
– —
73558.15 – 1772706600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –