BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
A descending movement downwards to the next support level at 92800.010000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 95630.000000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 95758.040000000 |
| Next High | 95630.000000000 |
| Current Price | 94652.190000000 |
| Next Low | 92800.010000000 |
| 2nd Low | 84347.970000000 |
| 3rd Low | 83709.250000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing