The pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 67534.69 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 68233.99 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
There is also a ‘Two Crows’ candlestick chart pattern is detected. The chart forms ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 68347.72 |
| 2nd High | 68318.39 |
| Next High | 68233.99 |
| Current Price | 68092.450000000 |
| Next Low | 67534.69 |
| 2nd Low | 66280.2 |
| 3rd Low | 65631.83 |
68233.99 – 68318.39 – 67198.1 – 67534.69 – 66280.2 – 65631.83 —
67860.680000000 – 68236.290000000 —
52.309683647587 – 62.107921826855 —
– —
68233.99 – 1771628400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –