BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support line at 110862.420000000 will continue.
Caution: A possible change in the direction of the resistance zone at 113485.900000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Two Crows’ candle pattern is found. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117429.050000000 |
| 2nd High | 115666.680000000 |
| Next High | 113485.900000000 |
| Current Price | 111345.990000000 |
| Next Low | 110862.420000000 |
| 2nd Low | 110345.420000000 |
| 3rd Low | 109393.930000000 |
113485.900000000 – 112625.000000000 – 112371.000000000 – 110862.420000000 – 110345.420000000 – 109393.930000000 — 41.662229461154 – 39.907565762606
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –