Sell BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support at 65426.34 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 67516 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a indicator layout is found. The indicator is ”. which could be a negative chart signal. The currency pair could go down.

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Next a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator is ‘StochRSI %K falls below 0.8’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. this is a bearish 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’ going down is 82%.

Support & Resistance Price Range*
3rd High 74198
2nd High 67923.24
Next High 67516
Current Price 65606.940000000
Next Low 65426.34
2nd Low 65000
3rd Low 63030

67516 – 67923.24 – 74198 – 65426.34 – 70686.68 – 73400 —
67330.000000000 – 66898.000000000 —
48.099109850099 – 40.416984125924 —
– —
67516 – 1780468200

Trading Signals:

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