The combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline upwards
An ascending movement up to the next resistance at 96043 is certain.
Caution: A possible trend reversal in the direction of the support level at 84347.97 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bearish Harami Cross’ chart pattern is detected. The chart shows ‘Bearish Harami Cross’. 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 chance of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96846.68 |
| 2nd High | 96635.11 |
| Next High | 96043 |
| Current Price | 90221.330000000 |
| Next Low | 84347.97 |
| 2nd Low | 83709.25 |
| 3rd Low | 83034.23 |
96043 – 96635.11 – 96471.22 – 93005.55 – 94841.62 – 95565.17 — 33.113579377607 – 33.496286103733 — 51.739529195965 – 59.686130643025 – 48.687795101736 – 55.799449709569
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Harami Cross – – –