The combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at 77644.09 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 79186.81 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
And also a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.
And also a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79424 |
| 2nd High | 79360 |
| Next High | 79186.81 |
| Current Price | 77960.510000000 |
| Next Low | 77644.09 |
| 2nd Low | 74604 |
| 3rd Low | 74508 |
79186.81 – 79360 – 78231.26 – 77644.09 – 77888 – 74604 —
78999.990000000 – 78972.880000000 —
54.201518198799 – 55.539654028449 —
– —
79186.81000 – 1770080400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –