BTC/USDT – 1H – SELLThe 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 |