BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 114366.000000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 116980.000000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Matching Low’ candlestick pattern is found. The chart forms ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117995.370000000 |
| Next High | 116980.000000000 |
| Current Price | 115503.160000000 |
| Next Low | 114366.000000000 |
| 2nd Low | 114259.000000000 |
| 3rd Low | 113579.900000000 |
116980.000000000 – 117995.370000000 – 118575.000000000 – 114366.000000000 – 114640.140000000 – 117321.530000000 — 50.981038163447 – 50.866231614778
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –