BTC/USDT – 4H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.
A descent down to the next support level at 116128.000000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 120247.800000000 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 120247.800000000 |
| Current Price | 118373.990000000 |
| Next Low | 116128.000000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107245.000000000 |
120247.800000000 – 120998.710000000 – 123218.000000000 – 116128.000000000 – 116812.760000000 – 115736.920000000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – –