BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
A descent down to the next support level at 71263.99 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 73913.74 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Tweezers Top’ chart pattern is detected. The candles form ‘Tweezers Top’. which is a bearish pattern signal. The pair is likely to go down. 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 | 76971.52 |
| 2nd High | 74050 |
| Next High | 73913.74 |
| Current Price | 72451.440000000 |
| Next Low | 71263.99 |
| 2nd Low | 70500 |
| 3rd Low | 70317 |
71940.49 – 70941.17 – 71307.92 – 71263.99 – 70500 – 70317 —
72222.000000000 – 72688.000000000 —
64.894689947546 – 63.572842264987 —
– —
71940.49 – 1773565200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – – –