BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 76459.64 will continue.
Caution: A possible trend reversal in the direction of resistance at 77478 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘On Neck’ candlestick pattern is found. The candles form ‘On Neck’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79485.66 |
| 2nd High | 78265.34 |
| Next High | 77478 |
| Current Price | 76523.470000000 |
| Next Low | 76459.64 |
| 2nd Low | 74821.57 |
| 3rd Low | 74702 |
77478 – 78265.34 – 79485.66 – 76459.64 – 77465.05 – 77843.75 —
77072.510000000 – 76863.540000000 —
44.438063269539 – 44.294206835029 —
– —
77478 – 1777336200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – On Neck – – –