BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support line at 109977.000000000 will persist.
Caution: A possible change in the direction of the resistance zone at 111377.190000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Matching Low’ candle pattern is discovered. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113384.620000000 |
| 2nd High | 111700.000000000 |
| Next High | 111377.190000000 |
| Current Price | 111103.820000000 |
| Next Low | 109977.000000000 |
| 2nd Low | 109329.120000000 |
| 3rd Low | 108393.390000000 |
111377.190000000 – 110999.830000000 – 111307.700000000 – 109977.000000000 – 110206.960000000 – 109329.120000000 — 60.067196822621 – 59.501735106048
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Double bottom retreat down – –