BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A descent downwards to the next support line at 110862.420000000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 112638.640000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 114917.100000000 |
| 2nd High | 113485.900000000 |
| Next High | 112638.640000000 |
| Current Price | 111502.000000000 |
| Next Low | 110862.420000000 |
| 2nd Low | 110345.420000000 |
| 3rd Low | 109393.930000000 |
112638.640000000 – 113485.900000000 – 113360.000000000 – 110862.420000000 – 110345.420000000 – 109393.930000000 — 41.265569588071 – 38.431744070836
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Double bottom retreat down – –