Sell BTC/USDT – 1H – SELL

The currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 66233.13 is considered certain.

Caution: A possible change in the direction of the resistance level at 68169.65 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Support & Resistance Price Range*
3rd High 74893.94
2nd High 72026.09
Next High 68169.65
Current Price 67367.690000000
Next Low 66233.13
2nd Low 65000
3rd Low 63030

68169.65 – 67130.5 – 67288.94 – 66233.13 – 65000 – 66281.4 —
66989.100000000 – 67780.340000000 —
45.023661612326 – 57.79495597208 —
– —
68169.65 – 1774875600

Trading Signals:

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