BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
The bearish trend downwards to the next support level at 79744.91 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 81708.32 could happen.
Consider stop-loss settings accordingly.
Also there is a ‘Collapsing Doji Star’ chart pattern is existing. The candles show ‘Collapsing Doji Star’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84621.16 |
| 2nd High | 82850 |
| Next High | 81708.32 |
| Current Price | 79879.990000000 |
| Next Low | 79744.91 |
| 2nd Low | 78202 |
| 3rd Low | 78084.08 |
81708.32 – 82850 – 81760.84 – 80725.09 – 81136 – 80731.14 —
80010.100000000 – 80224.000000000 —
31.858635910646 – 42.768716328712 —
– —
81708.32 – 1778139000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Collapsing Doji Star – – –