BTC/USDT – 4H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
A descent down to the next support at 86806.5 will continue.
Caution: A possible change in the direction of resistance at 94476 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.
Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Besides a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 111250.01 |
| 2nd High | 107500 |
| Next High | 94476 |
| Current Price | 93859.710000000 |
| Next Low | 86806.5 |
| 2nd Low | 86420 |
| 3rd Low | 84450.01 |
90406.08 – 89049.86 – 90588.23 – 86806.5 – 86420 – 87600.04 — 80.167040866972 – 74.152054313137 — 96.096405583279 – 87.591165257749 – 89.826064945397 – 90.126155155828
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –