BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support at is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 93836.01 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.
Moreover a ‘Two Crows’ candlestick pattern is existing. The candles show ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 | 89951.700000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
93836.01 – 96043 – 96635.11 – 90025.06 – 89253.78 – 93005.55 — 45.159371233212 – 33.52909824867 — 42.23833035683 – 42.23833035683 – 45.25647222092 – 43.484768659397
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –