BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support level at 100609.410000000 is certain.
Caution: A possible change in the direction of resistance at 102650.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 104088.000000000 |
| 2nd High | 103550.000000000 |
| Next High | 102650.000000000 |
| Current Price | 102704.010000000 |
| Next Low | 100609.410000000 |
| 2nd Low | 99205.000000000 |
| 3rd Low | 94256.540000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing