The pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 66892.03 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 68476.22 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.
Also there is a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.
Also there is a ‘Bearish Engulfing’ candle chart pattern is found. The chart shows ‘Bearish Engulfing’. 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 likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70126.67 |
| 2nd High | 69241.5 |
| Next High | 68476.22 |
| Current Price | 67256.050000000 |
| Next Low | 66892.03 |
| 2nd Low | 66621.06 |
| 3rd Low | 66002.98 |
68476.22 – 69241.5 – 70126.67 – 66892.03 – 66621.06 – 67294.11 —
67599.700000000 – 67543.200000000 —
39.504687828403 – 42.770098857635 —
– —
68476.22 – 1771401600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –