BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support level at 97136.000000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 98564.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative 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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99588.010000000 |
| 2nd High | 98847.680000000 |
| Next High | 98564.000000000 |
| Current Price | 97862.410000000 |
| Next Low | 97136.000000000 |
| 2nd Low | 97122.110000000 |
| 3rd Low | 95600.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing