BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 78040.000000000 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 78514.82 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Shooting Star’ candlestick chart pattern is found. The candles form ‘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 likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79485.66 |
| 2nd High | 78914.12 |
| Next High | 78514.82 |
| Current Price | 78293.570000000 |
| Next Low | 78040.000000000 |
| 2nd Low | 77752 |
| 3rd Low | 75323.65 |
78514.82 – 78914.12 – 77453.74 – 78040.000000000 – 77752 – 75323.65 —
78186.000000000 – 78356.510000000 —
47.457620041495 – 54.528573092886 —
78040.000000000 – 1777698000 —
78514.82 – 1777692600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – – –