BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 88459.96 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 93845.03 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.
There is also a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘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 likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94789.08 |
| 2nd High | 94444.44 |
| Next High | 93845.03 |
| Current Price | 89953.030000000 |
| Next Low | 88459.96 |
| 2nd Low | 87550.43 |
| 3rd Low | 87250 |
93845.03 – 94444.44 – 94789.08 – 90675.52 – 92236.07 – 91262.94 — 41.600125882536 – 37.61597271292 — 84.101430379986 – 71.545452827693 – 78.842217309424 – 78.975114789411
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Triple top chart pattern – –