BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
The bearish trend down to the next support line at 75666.6 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 77904.93 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Collapsing Doji Star’ candle pattern is discovered. The candles form ‘Collapsing Doji Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84621.16 |
| 2nd High | 79485.66 |
| Next High | 77904.93 |
| Current Price | 75780.000000000 |
| Next Low | 75666.6 |
| 2nd Low | 74821.57 |
| 3rd Low | 73724.31 |
77904.93 – 79485.66 – 78210 – 75666.6 – 76459.64 – 77140.23 —
76927.690000000 – 76088.900000000 —
42.887317201396 – 41.346473035214 —
– —
77904.93 – 1777456800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Collapsing Doji Star – – –