BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support at 110766.660000000 will continue.
Caution: A possible change in the direction of the resistance level at 114313.130000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. which is a negative 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117429.050000000 |
| 2nd High | 115666.680000000 |
| Next High | 114313.130000000 |
| Current Price | 114180.310000000 |
| Next Low | 110766.660000000 |
| 2nd Low | 110621.780000000 |
| 3rd Low | 109977.000000000 |
114313.130000000 – 113293.290000000 – 112924.370000000 – 110766.660000000 – 111111.000000000 – 110621.780000000 — 64.665271907132 – 57.877399613433
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –