BTC/USDT – 4H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
A bearish movement down to the next support at 107245.000000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 118869.980000000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Collapsing Doji Star’ candle pattern is found. The candles form ‘Collapsing Doji Star’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 118869.980000000 |
| Current Price | 118251.050000000 |
| Next Low | 107245.000000000 |
| 2nd Low | 106733.330000000 |
| 3rd Low | 106356.760000000 |
118869.980000000 – 110529.180000000 – 108272.450000000 – 107245.000000000 – 106733.330000000 – 106356.760000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Collapsing Doji Star – Double top chart pattern