The combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the downtrend down to the next support level at 81118 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 84621.16 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Additionally a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 88500 |
| 2nd High | 84737.69 |
| Next High | 84621.16 |
| Current Price | 80365.040000000 |
| Next Low | 81118 |
| 2nd Low | 80600 |
| 3rd Low | 78969.58 |
84621.16 – 84737.69 – 88500 – 82560.75 – 81871.37 – 81118 —
83140.000000000 – 81522.830000000 —
36.801000362021 – 17.789589501858 —
– —
84621.16000 – 1769801400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –