The pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.
A bearish descent downwards to the next support level at 78202 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 80635.51 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 90600 |
| 2nd High | 84621.16 |
| Next High | 80635.51 |
| Current Price | 80586.020000000 |
| Next Low | 78202 |
| 2nd Low | 78084.08 |
| 3rd Low | 74937.52 |
80635.51 – 79199.48 – 78914.12 – 78202 – 78288.88 – 78084.08 —
80183.330000000 – 81136.590000000 —
58.44251704958 – 64.743424895649 —
– —
80635.51 – 1777867200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –