BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 76459.64 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 77478 could happen.
Consider stop-loss settings accordingly.
And also a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79485.66 |
| 2nd High | 78265.34 |
| Next High | 77478 |
| Current Price | 76885.980000000 |
| Next Low | 76459.64 |
| 2nd Low | 74821.57 |
| 3rd Low | 74702 |
77478 – 78265.34 – 79485.66 – 76459.64 – 77465.05 – 77843.75 —
77394.100000000 – 76950.000000000 —
50.367578258158 – 43.625904275807 —
– —
77478 – 1777336200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –