The pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 81118 is certain.
Caution: A possible counter-trend in the direction of resistance at 84621.16 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.
And also a ‘Two Crows’ candle chart pattern is detected. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91224.99 |
| 2nd High | 90600 |
| Next High | 84621.16 |
| Current Price | 81302.150000000 |
| Next Low | 81118 |
| 2nd Low | 80600 |
| 3rd Low | 78464.36 |
84621.16 – 90600 – 89523.16 – 81871.37 – 81118 – 87704 —
84050.510000000 – 82919.290000000 —
47.189521133201 – 34.817178039871 —
– —
84621.16000 – 1769799600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –