The combination Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 77140.23 is considered certain.
Caution: A possible change in the direction of the resistance zone at 77885.35 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.
In addition a ‘Tweezers Top’ candlestick chart pattern is found. The candles show ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 78581.93 |
| 2nd High | 78479.37 |
| Next High | 77885.35 |
| Current Price | 77472.300000000 |
| Next Low | 77140.23 |
| 2nd Low | 76960 |
| 3rd Low | 74821.57 |
77885.35 – 77711.87 – 78479.37 – 77140.23 – 77450 – 77264.08 —
77335.060000000 – 77624.000000000 —
41.917314675214 – 56.089992585095 —
– —
77885.35 – 1777113000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – – –