Sell BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.

A descent downwards to the next support level at 104184.720000000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 106853.270000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Two Crows’ candle pattern is existing. The chart shows ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Support & Resistance Price Range*
3rd High
2nd High
Next High 106853.270000000
Current Price 106500.000000000
Next Low 104184.720000000
2nd Low 102000.000000000
3rd Low 101383.070000000

Download BTC/USDT Signal Image

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