BTC/USDT – 4H – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A bearish movement downwards to the next support line at 92520.000000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 99963.700000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Two Crows’ candle chart pattern is found. The candles show ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 107793.070000000 |
| Next High | 99963.700000000 |
| Current Price | 94907.890000000 |
| Next Low | 92520.000000000 |
| 2nd Low | 90500.000000000 |
| 3rd Low | 88722.000000000 |