There is also a ‘Double bottom retreat down’ chart layout is found. The chart forms ‘Double bottom retreat down’. which is a negative chart scenario. The pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support at 110862.420000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 115666.680000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
There is also a ‘Two Crows’ chart pattern is found. The chart shows ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 115666.680000000 |
| Current Price | 112329.440000000 |
| Next Low | 110862.420000000 |
| 2nd Low | 110345.420000000 |
| 3rd Low | 109393.930000000 |
112625.000000000 – 112371.000000000 – 112937.260000000 – 110862.420000000 – 110345.420000000 – 109393.930000000 — 54.063646458077 – 49.55484794855
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Double bottom retreat down – –