BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A descent down to the next support level at 112722.580000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 118922.450000000 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119800.000000000 |
| 2nd High | 119273.360000000 |
| Next High | 118922.450000000 |
| Current Price | 112327.650000000 |
| Next Low | 112722.580000000 |
| 2nd Low | 107429.570000000 |
| 3rd Low | 107245.000000000 |
118922.450000000 – 118792.000000000 – 119273.360000000 – 112722.580000000 – 115796.230000000 – 116950.750000000 — 35.201069815462 – 31.951673098223
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – –