And also a ‘Double top chart pattern’ chart formation is found. The chart picture forms ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 112380.000000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 114615.380000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116980.000000000 |
| 2nd High | 115875.840000000 |
| Next High | 114615.380000000 |
| Current Price | 112379.580000000 |
| Next Low | 112380.000000000 |
| 2nd Low | 111920.000000000 |
| 3rd Low | 107429.570000000 |
114615.380000000 – 115875.840000000 – 116980.000000000 – 112380.000000000 – 112566.010000000 – 114640.140000000 — 36.257956687836 – 32.042431362813
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double top chart pattern – –