The currency pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 60000 will persist.
Caution: A possible change in the direction of the resistance zone at 90600 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
Besides a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97924.49 |
| 2nd High | 91224.99 |
| Next High | 90600 |
| Current Price | 68919.660000000 |
| Next Low | 60000 |
| 2nd Low | |
| 3rd Low |
90600 – 91224.99 – 97924.49 – 60000 – 74604 – 87035.51 —
71538.050000000 – 71126.000000000 —
51.355446493383 – 47.440130163751 —
– —
90600 – 1769616000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –