The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 66124.4 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 67288.94 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair could go down.
Then a ‘Tweezers Top’ chart pattern is found. The chart shows ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 72026.09 |
| 2nd High | 71594.11 |
| Next High | 67288.94 |
| Current Price | 66906.000000000 |
| Next Low | 66124.4 |
| 2nd Low | 65548.25 |
| 3rd Low | 65259.21 |
67288.94 – 66573.61 – 66520.46 – 66124.4 – 65548.25 – 68153 —
67096.770000000 – 66916.530000000 —
70.326393839487 – 60.02245062069 —
– —
67288.94 – 1774710000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – – –