BTC/USDT – 4H – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish trend down to the next support line at 73309.85 is expected.
Caution: A possible change in the direction of resistance at 78333 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. 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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91224.99 |
| 2nd High | 90600 |
| Next High | 78333 |
| Current Price | 75581.330000000 |
| Next Low | 73309.85 |
| 2nd Low | 70505.88 |
| 3rd Low | 65712.12 |
78333 – 76038 – 73790 – 73309.85 – 70505.88 – 65712.12 —
76240.660000000 – 76486.670000000 —
54.705167245654 – 58.052848304022 —
– —
78333 – 1776441600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –