BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support at 60000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 76971.52 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Shooting Star’ candle pattern is detected. The candles show ‘Shooting Star’. this is a bearish chart scenario. 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 – – –