BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support at 109329.120000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 110999.830000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Besides a ‘Last Engulfing Top’ chart pattern is detected. The chart forms ‘Last Engulfing Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 111700.000000000 |
| 2nd High | 111307.700000000 |
| Next High | 110999.830000000 |
| Current Price | 110160.000000000 |
| Next Low | 109329.120000000 |
| 2nd Low | 108393.390000000 |
| 3rd Low | 107459.490000000 |
110999.830000000 – 111307.700000000 – 111700.000000000 – 110206.960000000 – 109329.120000000 – 110279.680000000 — 34.371414916115 – 32.622130790168
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – – –