The pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 65618.49 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 73913.74 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The pair is likely to go down.
Additionally a ‘StochOSC Hidden Bearish Divergence’ indicator signal is found. The indicator is ‘StochOSC Hidden Bearish Divergence’. which could be a negative chart signal. The pair is likely to go down.
Additionally a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The currency 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 | 90600 |
| 2nd High | 74050 |
| Next High | 73913.74 |
| Current Price | 71467.820000000 |
| Next Low | 65618.49 |
| 2nd Low | 63030 |
| 3rd Low | 62510.28 |
73913.74 – 71777 – 74050 – 65618.49 – 63030 – 62510.28 —
74451.030000000 – 74486.300000000 —
70.052480823374 – 62.672488522572 —
– —
73913.74 – 1773403200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –