The currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish descent down to the next support level at 76911 will continue.
Caution: A possible change in the direction of the resistance line at 78333 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Southern Doji’ candle pattern is existing. The chart shows ‘Southern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79186.81 |
| 2nd High | 79084.29 |
| Next High | 78333 |
| Current Price | 75651.780000000 |
| Next Low | 76911 |
| 2nd Low | 74529.4 |
| 3rd Low | 73580.85 |
78333 – 75534.76 – 75030.39 – 76911 – 74529.4 – 73580.85 —
76191.490000000 – 75896.040000000 —
33.200140456639 – 27.126727019635 —
– —
78333 – 1776441600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –