The currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 69988.83 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘StochOSC Hidden Bearish Divergence’ indicator signal is discovered. The indicator shows ‘StochOSC Hidden Bearish Divergence’. which could be a negative signal. The currency pair is likely to fall.
There is also a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 72271.41 |
| 2nd High | 70126.67 |
| Next High | 69988.83 |
| Current Price | 65776.470000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
69988.83 – 68698.7 – 70126.67 – 63030 – 62510.28 – 65631.83 —
64307.440000000 – 67360.570000000 —
34.801036336422 – 52.937744205229 —
– —
69988.83 – 1772049600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –