The currency pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline downwards
The bearish trend down to the next support at 65259.21 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 68200 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
Next a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74050 |
| 2nd High | 73558.15 |
| Next High | 68200 |
| Current Price | 65971.200000000 |
| Next Low | 65259.21 |
| 2nd Low | 65056 |
| 3rd Low | 63030 |
68200 – 73558.15 – 74050 – 66547.15 – 67446.41 – 67744.78 —
67426.690000000 – 67266.000000000 —
45.763012042951 – 43.905383127946 —
– —
68200 – 1772964000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –