The combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 67294.11 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 69241.5 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
Besides a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. 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 | 71126 |
| 2nd High | 70126.67 |
| Next High | 69241.5 |
| Current Price | 67753.300000000 |
| Next Low | 67294.11 |
| 2nd Low | 65118 |
| 3rd Low | 60000 |
69241.5 – 70126.67 – 69482.97 – 67294.11 – 68143.22 – 65118 —
67935.730000000 – 68227.410000000 —
41.247360199553 – 50.679868048629 —
– —
69241.5 – 1771293600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –