BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.
A descent downwards to the next support line at 114737.110000000 is likely expected.
Caution: A possible change in the direction of resistance at 116757.990000000 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Last Engulfing Bottom:’ chart pattern is discovered. The chart forms ‘Last Engulfing Bottom:’. 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 success rate of a ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116757.990000000 |
| Current Price | 116418.860000000 |
| Next Low | 114737.110000000 |
| 2nd Low | 114384.000000000 |
| 3rd Low | 113430.000000000 |
116009.620000000 – 115605.070000000 – 116757.990000000 – 114737.110000000 – 114930.000000000 – 114384.000000000 — 64.860490230281 – 63.439489735656
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern – –