The currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 66233.13 is considered certain.
Caution: A possible change in the direction of the resistance level at 68169.65 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ candlestick chart pattern is found. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74893.94 |
| 2nd High | 72026.09 |
| Next High | 68169.65 |
| Current Price | 67367.690000000 |
| Next Low | 66233.13 |
| 2nd Low | 65000 |
| 3rd Low | 63030 |
68169.65 – 67130.5 – 67288.94 – 66233.13 – 65000 – 66281.4 —
66989.100000000 – 67780.340000000 —
45.023661612326 – 57.79495597208 —
– —
68169.65 – 1774875600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –