BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A descent down to the next support at 116900.050000000 is considered certain.
Caution: A possible change in the direction of the resistance line at could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 121158.890000000 |
| Next Low | 116900.050000000 |
| 2nd Low | 116604.870000000 |
| 3rd Low | 107429.570000000 |
118200.000000000 – 118869.980000000 – 109700.000000000 – 116900.050000000 – 116604.870000000 – 107429.570000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two Crows –