BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 84347.97 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 96043 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. which could be a negative signal. The currency pair could go down.
Next a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.
Next a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96846.68 |
| 2nd High | 96635.11 |
| Next High | 96043 |
| Current Price | 89651.300000000 |
| Next Low | 84347.97 |
| 2nd Low | 83709.25 |
| 3rd Low | 83034.23 |
96043 – 96635.11 – 96471.22 – 93005.55 – 94841.62 – 95565.17 — 32.258090067753 – 29.423685558864 — 60.585093469289 – 53.421137816622 – 56.936014674543 – 57.686601386529
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –