BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 102664.310000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 108450.160000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110400.000000000 |
| 2nd High | 110392.010000000 |
| Next High | 108450.160000000 |
| Current Price | 104692.630000000 |
| Next Low | 102664.310000000 |
| 2nd Low | 102126.160000000 |
| 3rd Low | 102000.000000000 |
108450.160000000 – 110392.010000000 – 110400.000000000 – 102664.310000000 – 106600.000000000 – 107320.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Down