BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support at 110862.420000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 112625.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
Furthermore a ‘Collapsing Doji Star’ candle pattern is detected. The chart shows ‘Collapsing Doji 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 chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 115666.680000000 |
| 2nd High | 112937.260000000 |
| Next High | 112625.000000000 |
| Current Price | 111901.360000000 |
| Next Low | 110862.420000000 |
| 2nd Low | 110345.420000000 |
| 3rd Low | 109393.930000000 |
112625.000000000 – 112371.000000000 – 112937.260000000 – 110862.420000000 – 110345.420000000 – 109393.930000000 — 50.03144659082 – 43.960339494953
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Collapsing Doji Star – Double bottom retreat down – –