BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 115441.830000000 will continue.
Caution: A possible change in the direction of the resistance level at 115819.060000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Next a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117900.000000000 |
| 2nd High | 116121.810000000 |
| Next High | 115819.060000000 |
| Current Price | 115661.650000000 |
| Next Low | 115441.830000000 |
| 2nd Low | 115408.470000000 |
| 3rd Low | 115100.000000000 |
115819.060000000 – 116121.810000000 – 115985.200000000 – 115441.830000000 – 115408.470000000 – 115100.000000000 — 52.357394136636 – 50.150222815053
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Double top retreat up – –