BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
The bearish trend down to the next support line at 104494.530000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 108952.380000000 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Matching Low’ candlestick chart pattern is detected. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110400.000000000 |
| 2nd High | 110392.010000000 |
| Next High | 108952.380000000 |
| Current Price | 106822.010000000 |
| Next Low | 104494.530000000 |
| 2nd Low | 104300.000000000 |
| 3rd Low | 102664.310000000 |
108952.380000000 – 106128.570000000 – 106252.000000000 – 104494.530000000 – 104867.640000000 – 104300.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Matching Low