BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
A descending movement down to the next support at 114720.810000000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 117896.000000000 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Matching Low’ chart pattern is detected. The chart shows ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119216.820000000 |
| 2nd High | 118575.000000000 |
| Next High | 117896.000000000 |
| Current Price | 117565.600000000 |
| Next Low | 114720.810000000 |
| 2nd Low | 114384.000000000 |
| 3rd Low | 113430.000000000 |
117896.000000000 – 117286.730000000 – 116757.990000000 – 114720.810000000 – 114737.110000000 – 114384.000000000 — 63.903380709476 – 63.441594897808
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –