The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
The bearish trend down to the next support line at 110917.450000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 113485.900000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 115666.680000000 |
| 2nd High | 114917.100000000 |
| Next High | 113485.900000000 |
| Current Price | 113862.770000000 |
| Next Low | 110917.450000000 |
| 2nd Low | 110766.660000000 |
| 3rd Low | 110621.780000000 |
111745.690000000 – 113293.290000000 – 112924.370000000 – 110917.450000000 – 110766.660000000 – 111111.000000000 — 75.797615687312 – 74.709355067279
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –