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: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –