BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A bearish descent downwards to the next support level at 84347.970000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 95199.000000000 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 95758.040000000 |
| Next High | 95199.000000000 |
| Current Price | 94209.030000000 |
| Next Low | 84347.970000000 |
| 2nd Low | 83709.250000000 |
| 3rd Low | 83034.230000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing