BTC/USDT – 1H – SELLAlso there is a ‘Double bottom retreat down’ chart layout is existing. The chart shows ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.
A bearish trend down to the next support level at 116359.890000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 117944.050000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ candle pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119273.360000000 |
| 2nd High | 118922.450000000 |
| Next High | 117944.050000000 |
| Current Price | 117808.300000000 |
| Next Low | 116359.890000000 |
| 2nd Low | 114259.000000000 |
| 3rd Low | 112650.000000000 |
117944.050000000 – 115716.000000000 – 115720.000000000 – 116359.890000000 – 114259.000000000 – 112650.000000000 — 67.820391788533 – 62.921458649585
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –