BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support line at 118920.920000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 124474.000000000 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
Besides a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 124474.000000000 |
| Current Price | 121583.000000000 |
| Next Low | 118920.920000000 |
| 2nd Low | 118207.470000000 |
| 3rd Low | 118050.110000000 |
124474.000000000 – 120324.430000000 – 119275.460000000 – 118920.920000000 – 118207.470000000 – 118050.110000000 — 42.343156709209 – 36.754340409271
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double bottom retreat down – –