BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 93160 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.
Additionally a ‘Two Crows’ chart pattern is found. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96043 |
| 2nd High | 93836.01 |
| Next High | 93160 |
| Current Price | 86740.640000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
93160 – 92384.61 – 93836.01 – 80600 – 88608 – 90025.06 — 51.85172443082 – 50.972823113755 — 66.666666666667 – 33.333333333333 – 88.888888888889 – 66.666666666667
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –