BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 79500 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 80371.23 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Shooting Star’ candle chart pattern is existing. 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’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 82850 |
| 2nd High | 81708.32 |
| Next High | 80371.23 |
| Current Price | 79740.010000000 |
| Next Low | 79500 |
| 2nd Low | 78202 |
| 3rd Low | 78084.08 |
80371.23 – 81708.32 – 82850 – 79500 – 80725.09 – 81136 —
79919.700000000 – 80042.620000000 —
39.151990553113 – 39.698076483587 —
– —
80371.23 – 1778184000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – – –