BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 118050.110000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 124474.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
Besides a ‘Three Inside Down’ chart pattern is existing. The candles show ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 124474.000000000 |
| Current Price | 118150.620000000 |
| Next Low | 118050.110000000 |
| 2nd Low | 116359.890000000 |
| 3rd Low | 114259.000000000 |
124474.000000000 – 120324.430000000 – 119275.460000000 – 118920.920000000 – 118207.470000000 – 118050.110000000 — 28.340063511398 – 24.95521163417
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Inside Down – – –