BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.
A descent downwards to the next support level at 107079.900000000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 108000.000000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Next a ‘Matching Low’ candlestick pattern is detected. The chart forms ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 108952.380000000 |
| 2nd High | 108135.300000000 |
| Next High | 108000.000000000 |
| Current Price | 107853.790000000 |
| Next Low | 107079.900000000 |
| 2nd Low | 106752.360000000 |
| 3rd Low | 104800.980000000 |
108000.000000000 – 108135.300000000 – 106290.000000000 – 107079.900000000 – 106752.360000000 – 104800.980000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Matching Low