BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support level at 86116 will continue.
Caution: A possible change in the direction of the resistance line at 89228 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Tweezers Top’ candle chart pattern is found. The candles form ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93836.01 |
| 2nd High | 93160 |
| Next High | 89228 |
| Current Price | 87424.800000000 |
| Next Low | 86116 |
| 2nd Low | 85272 |
| 3rd Low | 80600 |
89228 – 88127.64 – 93160 – 86116 – 85272 – 80600 — 55.718831899077 – 49.475134628103 — 82.786438147733 – 77.593087015187 – 62.560497687001 – 73.656207236433
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – Symmetrical Triangle Chart Pattern – –