BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 87035.51 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 91224.99 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Additionally a ‘Shooting Star’ candle chart pattern is detected. The candles show ‘Shooting Star’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95531.12 |
| 2nd High | 93420 |
| Next High | 91224.99 |
| Current Price | 88320.410000000 |
| Next Low | 87035.51 |
| 2nd Low | 86806.5 |
| 3rd Low | 86655.08 |
91224.99 – 90088.94 – 90340 – 87035.51 – 88578.36 – 88515.37 —
88270.290000000 – 88586.260000000 —
43.37683163562 – 47.884879492554 —
– —
91224.99000 – 1769187600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – – –