BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 62510.28 is considered certain.
Caution: A possible change in the direction of the resistance zone at 68722.64 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Moreover a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 69988.83 |
| 2nd High | 68860 |
| Next High | 68722.64 |
| Current Price | 67559.790000000 |
| Next Low | 62510.28 |
| 2nd Low | 60000 |
| 3rd Low |
68722.64 – 68860 – 69988.83 – 67792 – 67600 – 62510.28 —
67610.470000000 – 67903.120000000 —
40.25512290527 – 49.221074564774 —
– —
68722.64 – 1772100000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –