BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 110206.960000000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 111307.700000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113384.620000000 |
| 2nd High | 111700.000000000 |
| Next High | 111307.700000000 |
| Current Price | 110695.060000000 |
| Next Low | 110206.960000000 |
| 2nd Low | 109329.120000000 |
| 3rd Low | 108393.390000000 |
111307.700000000 – 111700.000000000 – 113384.620000000 – 110206.960000000 – 109329.120000000 – 110279.680000000 — 44.493890592615 – 44.402319133496
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –