BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support at 100609.410000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 106648.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative signal. 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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 106648.000000000 |
| Current Price | 106583.120000000 |
| 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