The pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A descent downwards to the next support at 77770 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 78210 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair could go down.
There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 78581.93 |
| 2nd High | 78479.37 |
| Next High | 78210 |
| Current Price | 78154.160000000 |
| Next Low | 77770 |
| 2nd Low | 77326.51 |
| 3rd Low | 77140.23 |
78210 – 77650 – 77885.35 – 77770 – 77326.51 – 77140.23 —
78293.500000000 – 78850.300000000 —
65.631334201122 – 71.266994105699 —
– —
78210 – 1777192200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –