BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 112380.000000000 will continue.
Caution: A possible change in the direction of the resistance zone at 114615.380000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Besides a ‘Matching Low’ candlestick chart pattern is discovered. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116980.000000000 |
| 2nd High | 115875.840000000 |
| Next High | 114615.380000000 |
| Current Price | 112500.000000000 |
| Next Low | 112380.000000000 |
| 2nd Low | 111920.000000000 |
| 3rd Low | 107429.570000000 |
114615.380000000 – 115875.840000000 – 116980.000000000 – 112380.000000000 – 112566.010000000 – 114640.140000000 — 38.980938458088 – 38.837736717016
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –