The currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
The bearish trend down to the next support at will persist.
Caution: A possible trend reversal in the direction of resistance at 90600 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The pair is likely to go down.
Furthermore a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97924.49 |
| 2nd High | 91224.99 |
| Next High | 90600 |
| Current Price | 70318.350000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
90600 – 91224.99 – 97924.49 – 74604 – 87035.51 – 87263.53 —
76960.000000000 – 73341.180000000 —
31.980573103955 – 22.381580222648 —
– —
90600 – 1769616000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –