BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
A bearish descent down to the next support at 90975.800000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 93905.510000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 93905.510000000 |
| Current Price | 94048.000000000 |
| Next Low | 90975.800000000 |
| 2nd Low | 89376.900000000 |
| 3rd Low | 88722.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing