The pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards
A bearish movement downwards to the next support line at 92155 is considered certain.
Caution: A possible change in the direction of the resistance level at 93388 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘RSI fall below 70’ indicator signal is detected. The indicator shows ‘RSI fall below 70’. which is often a bearish chart signal. The currency pair is likely to fall.
In addition a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94150 |
| 2nd High | 93621.31 |
| Next High | 93388 |
| Current Price | 93701.310000000 |
| Next Low | 92155 |
| 2nd Low | 90863.47 |
| 3rd Low | 88459.96 |
93388 – 89120.01 – 88088.1 – 92155 – 90863.47 – 88459.96 — 70.181413293059 – 66.401648463158 — 91.467712065643 – 81.515595562068 – 84.882751629219 – 90.13263934188
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –