The currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish trend downwards to the next support line at 63418.66 is considered certain.
Caution: A possible change in the direction of resistance at 64762.77 could occur.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 67923.24 |
| 2nd High | 67516 |
| Next High | 64762.77 |
| Current Price | 64339.070000000 |
| Next Low | 63418.66 |
| 2nd Low | 63400 |
| 3rd Low | 63045.29 |
64762.77 – 64350 – 63840 – 63418.66 – 63400 – 63045.29 —
64534.000000000 – 64545.400000000 —
63.790174216301 – 61.761623225642 —
– —
64762.77 – 1781386200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –