BTC/USDT – 4H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 86806.5 is expected.
Caution: A possible counter-trend in the direction of resistance at 94476 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Furthermore a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 111250.01 |
| 2nd High | 107500 |
| Next High | 94476 |
| Current Price | 93769.240000000 |
| Next Low | 86806.5 |
| 2nd Low | 86420 |
| 3rd Low | 84450.01 |
90406.08 – 89049.86 – 90588.23 – 86806.5 – 86420 – 87600.04 — 74.335359575757 – 73.128140891213 — 87.686390654244 – 69.319565476558 – 90.208537735213 – 84.38188183682
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Double bottom chart pattern – –