The pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at 73580.85 will persist.
Caution: A possible change in the direction of the resistance zone at 76240.66 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.
Next a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. 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 probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79084.29 |
| 2nd High | 78333 |
| Next High | 76240.66 |
| Current Price | 73882.070000000 |
| Next Low | 73580.85 |
| 2nd Low | 73514 |
| 3rd Low | 70566.99 |
76240.66 – 75891.64 – 78333 – 74867.72 – 75445.16 – 76911 —
74820.790000000 – 74425.160000000 —
31.980261504455 – 24.704517711465 —
– —
76240.66 – 1776603600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –