BTC/USDT – 4H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support at 114720.810000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 117900.000000000 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Last Engulfing Bottom:’ candlestick pattern is found. The chart forms ‘Last Engulfing Bottom:’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124474.000000000 |
| 2nd High | 118575.000000000 |
| Next High | 117900.000000000 |
| Current Price | 115711.510000000 |
| Next Low | 114720.810000000 |
| 2nd Low | 114384.000000000 |
| 3rd Low | 109977.000000000 |
117900.000000000 – 116665.630000000 – 113384.620000000 – 114720.810000000 – 114384.000000000 – 109977.000000000 — 48.896901706681 – 46.31583184031
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Bottom: – Symmetrical Triangle Chart Pattern – –