The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 72512.49 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 74275.66 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. 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 | 78200 |
| 2nd High | 78080 |
| Next High | 74275.66 |
| Current Price | 69652.190000000 |
| Next Low | 72512.49 |
| 2nd Low | 70505.88 |
| 3rd Low | 65712.12 |
74275.66 – 78080 – 78200 – 72512.49 – 74289.6 – 76051 —
74198.000000000 – 71408.900000000 —
41.997593462821 – 25.566761372464 —
– —
74275.66 – 1780185600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –