BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 89253.78 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 93836.01 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.
In addition a ‘Two Crows’ chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96635.11 |
| 2nd High | 96043 |
| Next High | 93836.01 |
| Current Price | 91292.810000000 |
| Next Low | 89253.78 |
| 2nd Low | 84347.97 |
| 3rd Low | 83709.25 |
93836.01 – 96043 – 96635.11 – 89253.78 – 93005.55 – 94841.62 — 44.77381262736 – 42.835050194227 — 88.887435125823 – 79.690066652656 – 79.149645524106 – 84.170655379826
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –