BTC/USDT – 1H – BUYThe pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards
The bearish trend downwards to the next support line at 78464.360000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 87728.270000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Last Engulfing Bottom:’ candlestick chart pattern is detected. The chart forms ‘Last Engulfing Bottom:’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93721.370000000 |
| 2nd High | 91100.000000000 |
| Next High | 87728.270000000 |
| Current Price | 84413.100000000 |
| Next Low | 78464.360000000 |
| 2nd Low | 74620.000000000 |
| 3rd Low | 74508.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Bottom: