BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
A bearish trend down to the next support level at will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 66992 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.
There is also a ‘Collapsing Doji Star’ candlestick chart pattern is found. The candles show ‘Collapsing Doji Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 67516 |
| 2nd High | 67292.15 |
| Next High | 66992 |
| Current Price | 65856.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
66992 – 67292.15 – 64664 – 65360.92 – 65650 – 65512 —
65848.000000000 – 65909.010000000 —
42.471141941971 – 51.255899123265 —
– —
66992 – 1781598900
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Collapsing Doji Star – – –