The pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at is expected.
Caution: A possible reversal of the trend in the direction of resistance at 68698.7 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.
Also there is a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two Crows’. this 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’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70126.67 |
| 2nd High | 69241.5 |
| Next High | 68698.7 |
| Current Price | 67909.680000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
68698.7 – 68233.99 – 68318.39 – 67534.69 – 66280.2 – 65631.83 —
68437.560000000 – 68171.460000000 —
48.642274072727 – 48.845773680529 —
– —
68698.7 – 1771687800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –