BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support line at 69718 is certain.
Caution: A possible counter-trend in the direction of resistance at 71751.33 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative signal. The pair is likely to go down.
Furthermore a ‘Shooting Star’ candlestick chart pattern is existing. The chart forms ‘Shooting Star’. which 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 probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 76971.52 |
| 2nd High | 71978.58 |
| Next High | 71751.33 |
| Current Price | 70136.870000000 |
| Next Low | 69718 |
| 2nd Low | 60000 |
| 3rd Low |
71751.33 – 71500 – 66826.5 – 69718 – 60000 – 70140 —
70680.540000000 – 71191.880000000 —
59.580823913231 – 53.394183865196 —
– —
71751.33 – 1770418800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – – –