BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support at 69718 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 71751.33 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K falls below 0.8’ indicator layout is discovered. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Shooting Star’ candlestick pattern is existing. The candles form ‘Shooting Star’. which is a bearish chart scenario. The currency pair is likely to go down. 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).

71751.33 – 71500 – 66826.5 – 69718 – 60000 – 70140 —
70680.540000000 – 71191.880000000 —
59.580823913231 – 53.394183865196 —
– —
71751.33 – 1770418800

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – – –