BTC/USDT – 30M – SELLFurthermore a ‘Double bottom retreat down’ chart formation is existing. The chart forms ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.
The combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support at 117550.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 120820.710000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
Furthermore a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. 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 | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 120820.710000000 |
| Current Price | 119282.100000000 |
| Next Low | 117550.000000000 |
| 2nd Low | 116128.000000000 |
| 3rd Low | 115736.920000000 |
117950.000000000 – 119233.710000000 – 119676.730000000 – 117550.000000000 – 116128.000000000 – 116467.020000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two Crows – Double bottom retreat down