The pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 66158 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 68232.27 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Then a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 73558.15 |
| 2nd High | 68551.04 |
| Next High | 68232.27 |
| Current Price | 67080.340000000 |
| Next Low | 66158 |
| 2nd Low | 65259.21 |
| 3rd Low | 65056 |
68232.27 – 68551.04 – 73558.15 – 67446.41 – 67744.78 – 70143.19 —
68020.530000000 – 67672.290000000 —
46.595238648917 – 35.895210953397 —
– —
68232.27 – 1772881200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –