The pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support at 65118 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 68410.52 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Southern Doji’ candle chart pattern is detected. The chart shows ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 69292.88 |
| 2nd High | 68834.34 |
| Next High | 68410.52 |
| Current Price | 66324.940000000 |
| Next Low | 65118 |
| 2nd Low | 60000 |
| 3rd Low |
68410.52 – 68369.77 – 68834.34 – 65118 – 66670.45 – 66787.7 —
66144.260000000 – 66671.620000000 —
42.961188964862 – 50.643393002369 —
– —
68410.52 – 1770904800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – Head and Shoulder chart pattern – –