BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 93444.000000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 95247.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ candlestick pattern is existing. The candles form ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95758.040000000 |
| 2nd High | 95630.000000000 |
| Next High | 95247.000000000 |
| Current Price | 94737.970000000 |
| Next Low | 93444.000000000 |
| 2nd Low | 92800.010000000 |
| 3rd Low | 84347.970000000 |