BTC/USDT – 30M – BUYThe pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 118869.980000000 will persist.
Caution: A possible counter-trend in the direction of the support level at 116604.870000000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Two-Candle Shooting Star’ candle chart pattern is existing. The chart forms ‘Two-Candle Shooting Star’. which is a bearish 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-Candle Shooting Star’ heading down is 61% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 118869.980000000 |
| Current Price | 117625.790000000 |
| Next Low | 116604.870000000 |
| 2nd Low | 107429.570000000 |
| 3rd Low | 107245.000000000 |
118869.980000000 – 108525.000000000 – 109700.000000000 – 116604.870000000 – 107429.570000000 – 107513.200000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two-Candle Shooting Star –