BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at 109329.120000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 112575.270000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish pattern 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 ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 115666.680000000 |
| 2nd High | 113485.900000000 |
| Next High | 112575.270000000 |
| Current Price | 110608.180000000 |
| Next Low | 109329.120000000 |
| 2nd Low | 108393.390000000 |
| 3rd Low | 107459.490000000 |
112575.270000000 – 111782.210000000 – 109912.400000000 – 109329.120000000 – 110528.710000000 – 108393.390000000 — 45.250475765361 – 43.676201681088
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –