The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 74821.57 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 77478 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
Then a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The 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 | 79485.66 |
| 2nd High | 78265.34 |
| Next High | 77478 |
| Current Price | 76229.000000000 |
| Next Low | 74821.57 |
| 2nd Low | 74702 |
| 3rd Low | 74095.18 |
77478 – 78265.34 – 79485.66 – 76459.64 – 77465.05 – 77843.75 —
76720.010000000 – 76630.020000000 —
38.402941090294 – 41.260189746669 —
– —
77478 – 1777336200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –