BTC/USDT – 30M – SELLMoreover a ‘Double bottom retreat down’ chart formation is existing. The chart shows ‘Double bottom retreat down’. which is a bearish chart scenario. The pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A bearish trend down to the next support at 117172.210000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 118575.000000000 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Last Engulfing Bottom:’ chart pattern is discovered. The chart shows ‘Last Engulfing Bottom:’. 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 chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124474.000000000 |
| 2nd High | 119216.820000000 |
| Next High | 118575.000000000 |
| Current Price | 117806.490000000 |
| Next Low | 117172.210000000 |
| 2nd Low | 117143.980000000 |
| 3rd Low | 116803.990000000 |
118575.000000000 – 117825.000000000 – 117898.990000000 – 117172.210000000 – 117143.980000000 – 116803.990000000 — 44.799996391111 – 41.872324307292
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Bottom: – Double bottom retreat down – –