BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 79181.48 is considered certain.
Caution: A possible change in the direction of the resistance level at 81080 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.
In addition a ‘Matching Low’ candlestick chart pattern is detected. The candles show ‘Matching Low’. which is a bullish chart scenario. 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 | 82850 |
| 2nd High | 81708.32 |
| Next High | 81080 |
| Current Price | 80759.930000000 |
| Next Low | 79181.48 |
| 2nd Low | 78202 |
| 3rd Low | 78084.08 |
81080 – 80666.66 – 81708.32 – 79181.48 – 80731.14 – 78202 —
80958.000000000 – 80790.000000000 —
68.983373101352 – 60.242627480121 —
– —
81080 – 1778349600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –