The combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support at 67732.01 is considered certain.
Caution: A possible change in the direction of the resistance level at 70351.46 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Southern Doji’ candlestick pattern is discovered. The chart forms ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 72026.09 |
| 2nd High | 71594.11 |
| Next High | 70351.46 |
| Current Price | 71476.970000000 |
| Next Low | 67732.01 |
| 2nd Low | 66680.57 |
| 3rd Low | 66611.66 |
69247.9 – 70351.46 – 70283.32 – 67732.01 – 68273.34 – 69163.86 —
70216.680000000 – 72022.730000000 —
67.359837366793 – 70.320972872683 —
– —
69247.9 – 1775552400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – – –