BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support at 116359.890000000 is certain.
Caution: A possible change in the direction of the resistance zone at 118922.450000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Collapsing Doji Star’ candle chart pattern is discovered. The chart shows ‘Collapsing Doji 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 probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 119800.000000000 |
| 2nd High | 119273.360000000 |
| Next High | 118922.450000000 |
| Current Price | 118020.000000000 |
| Next Low | 116359.890000000 |
| 2nd Low | 114259.000000000 |
| 3rd Low | 112650.000000000 |
117944.050000000 – 115716.000000000 – 115720.000000000 – 116359.890000000 – 114259.000000000 – 112650.000000000 — 67.320810327847 – 62.301917875227
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Collapsing Doji Star – – –