BTC/USDT – 30M – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support level at 108331.030000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 110400.000000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Shooting Star’ candlestick pattern is detected. The candles form ‘Shooting Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110718.000000000 |
| 2nd High | 110530.170000000 |
| Next High | 110400.000000000 |
| Current Price | 109456.350000000 |
| Next Low | 108331.030000000 |
| 2nd Low | 105318.370000000 |
| 3rd Low | 104964.140000000 |
110400.000000000 – 109900.810000000 – 110530.170000000 – 108331.030000000 – 105318.370000000 – 104964.140000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Shooting Star