BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 60000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 76971.52 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Shooting Star’ chart pattern is found. The candles show ‘Shooting Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84621.16 |
| 2nd High | 79360 |
| Next High | 76971.52 |
| Current Price | 70136.870000000 |
| Next Low | 60000 |
| 2nd Low | |
| 3rd Low |
76971.52 – 79360 – 84621.16 – 60000 – 72945.5 – 77644.09 —
70508.750000000 – 71690.070000000 —
61.33342402958 – 59.611619021748 —
– —
76971.52 – 1770174000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – – –