Furthermore a ‘Double bottom retreat down’ chart formation is discovered. The formation shows ‘Double bottom retreat down’. this is a bearish pattern signal. The pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A bearish descent down to the next support level at 117550.000000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 120820.710000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 120820.710000000 |
| Current Price | 119546.560000000 |
| 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 – Three Black Crows – Double bottom retreat down