BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 83585.000000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 84624.730000000 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Last Engulfing Bottom:’ candle pattern is discovered. The candles show ‘Last Engulfing Bottom:’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91100.000000000 |
| 2nd High | 87728.270000000 |
| Next High | 84624.730000000 |
| Current Price | 84000.040000000 |
| Next Low | 83585.000000000 |
| 2nd Low | 83175.250000000 |
| 3rd Low | 81134.660000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Bottom: