BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support at 60000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 69993.65 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.
Also there is a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71751.33 |
| 2nd High | 71126 |
| Next High | 69993.65 |
| Current Price | 67404.280000000 |
| Next Low | 60000 |
| 2nd Low | |
| 3rd Low |
69993.65 – 71126 – 71751.33 – 67800 – 68308 – 68531.5 —
69136.910000000 – 68751.910000000 —
43.887461074388 – 39.33035780994 —
– —
69993.65 – 1770742800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double top chart pattern – –