BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support line at 75323.65 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 77453.74 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
Next a ‘Two Crows’ chart pattern is discovered. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 78265.34 |
| 2nd High | 77904.93 |
| Next High | 77453.74 |
| Current Price | 77346.800000000 |
| Next Low | 75323.65 |
| 2nd Low | 74937.52 |
| 3rd Low | 74821.57 |
77453.74 – 76669.14 – 76473.26 – 75323.65 – 74937.52 – 76187.75 —
77104.220000000 – 77500.000000000 —
64.556415697889 – 70.212737319687 —
– —
77453.74 – 1777604400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –