BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A bearish descent downwards to the next support level at 113430.000000000 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 115666.680000000 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 115666.680000000 |
| Current Price | 115086.700000000 |
| Next Low | 113430.000000000 |
| 2nd Low | 110766.660000000 |
| 3rd Low | 110621.780000000 |
114313.130000000 – 113293.290000000 – 112924.370000000 – 113430.000000000 – 110766.660000000 – 111111.000000000 — 60.682914314624 – 56.293433041678
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Double bottom retreat down – –