The currency pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.
A continuation of the downward movement down to the next support line at 115100.000000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 116121.810000000 should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117900.000000000 |
| Next High | 116121.810000000 |
| Current Price | 115660.010000000 |
| Next Low | 115100.000000000 |
| 2nd Low | 114720.810000000 |
| 3rd Low | 114384.000000000 |
116121.810000000 – 117900.000000000 – 117896.000000000 – 115100.000000000 – 114720.810000000 – 114737.110000000 — 42.976155582184 – 42.095382743386
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –