BTC/USDT – 4H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support line at 116812.760000000 will continue.
Caution: A possible change in the direction of the resistance zone at 120998.710000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candle chart pattern is discovered. The chart forms ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 123218.000000000 |
| Next High | 120998.710000000 |
| Current Price | 117479.930000000 |
| Next Low | 116812.760000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107245.000000000 |
120998.710000000 – 123218.000000000 – 118869.980000000 – 116812.760000000 – 115736.920000000 – 107245.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two Crows –