The currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support at 66761.68 is expected.
Caution: A possible change in the direction of the resistance level at 68200 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.
And also a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 68551.04 |
| 2nd High | 68232.27 |
| Next High | 68200 |
| Current Price | 66804.000000000 |
| Next Low | 66761.68 |
| 2nd Low | 66547.15 |
| 3rd Low | 66158 |
68200 – 68232.27 – 68551.04 – 66761.68 – 66547.15 – 66915.26 —
67426.690000000 – 67127.010000000 —
46.184950737017 – 43.61266763808 —
– —
68200 – 1772964000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –