BTC/USDT – 4H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support at 80600 will persist.
Caution: A possible counter-trend in the direction of resistance at 107500 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116400 |
| 2nd High | 111250.01 |
| Next High | 107500 |
| Current Price | 86264.720000000 |
| Next Low | 80600 |
| 2nd Low | 74620 |
| 3rd Low |
107500 – 111250.01 – 116400 – 80600 – 94012.45 – 99260.86 — 45.984379468872 – 42.671087518706 — 95.050424176279 – 90.319652740707 – 96.572712129857 – 94.234644341211
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –