BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 104179.000000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 106000.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Two Crows’ candle chart pattern is found. The candles show ‘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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 108484.610000000 |
| 2nd High | 106794.670000000 |
| Next High | 106000.000000000 |
| Current Price | 104532.020000000 |
| Next Low | 104179.000000000 |
| 2nd Low | 103659.880000000 |
| 3rd Low | 103068.550000000 |
106000.000000000 – 106794.670000000 – 106500.000000000 – 104179.000000000 – 105132.270000000 – 104872.500000000