The pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support at 113430.000000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 116331.810000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. 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 Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 117429.050000000 |
| Next High | 116331.810000000 |
| Current Price | 115216.900000000 |
| Next Low | 113430.000000000 |
| 2nd Low | 113155.030000000 |
| 3rd Low | 110917.450000000 |
116331.810000000 – 114715.020000000 – 114459.650000000 – 113430.000000000 – 113155.030000000 – 110917.450000000 — 55.258030232383 – 52.534938649893
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –