BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 115408.470000000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 116121.810000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Two Crows’ chart pattern is existing. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117900.000000000 |
| Next High | 116121.810000000 |
| Current Price | 115494.230000000 |
| Next Low | 115408.470000000 |
| 2nd Low | 115100.000000000 |
| 3rd Low | 114720.810000000 |
116121.810000000 – 115985.200000000 – 115730.410000000 – 115408.470000000 – 115100.000000000 – 116612.030000000 — 43.218610417045 – 39.577107088419
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –