BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 113579.690000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 115000.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Tweezers Top’ chart pattern is discovered. The candles show ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118879.140000000 |
| 2nd High | 116019.300000000 |
| Next High | 115000.000000000 |
| Current Price | 114459.930000000 |
| Next Low | 113579.690000000 |
| 2nd Low | 111920.000000000 |
| 3rd Low | 107429.570000000 |
115000.000000000 – 114260.310000000 – 114063.490000000 – 113579.690000000 – 111920.000000000 – 112003.000000000 — 57.530740738831 – 51.904106705086
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – – –