BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards
A bearish descent down to the next support line at 116359.890000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 118922.450000000 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. which could be a negative chart signal. The currency pair could go down.
Furthermore a ‘Tweezers Top’ candle chart pattern is detected. The chart shows ‘Tweezers Top’. 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 ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119800.000000000 |
| 2nd High | 119273.360000000 |
| Next High | 118922.450000000 |
| Current Price | 118323.160000000 |
| Next Low | 116359.890000000 |
| 2nd Low | 114259.000000000 |
| 3rd Low | 112650.000000000 |
117944.050000000 – 115716.000000000 – 115720.000000000 – 116359.890000000 – 114259.000000000 – 112650.000000000 — 65.155604683934 – 57.751391616632
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – – –