BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 81136 will persist.
Caution: A possible change in the direction of the resistance line at 82850 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84737.69 |
| 2nd High | 84621.16 |
| Next High | 82850 |
| Current Price | 81427.520000000 |
| Next Low | 81136 |
| 2nd Low | 80731.14 |
| 3rd Low | 80527.76 |
82850 – 81760.84 – 81791.48 – 81136 – 80731.14 – 80527.76 —
81835.890000000 – 81522.410000000 —
44.642051440643 – 45.430258392634 —
– —
82850 – 1778065200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –