The currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support line at 73724.31 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 78333 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91224.99 |
| 2nd High | 90600 |
| Next High | 78333 |
| Current Price | 78607.950000000 |
| Next Low | 73724.31 |
| 2nd Low | 73309.85 |
| 3rd Low | 70505.88 |
78333 – 76038 – 73790 – 73724.31 – 73309.85 – 70505.88 —
76927.570000000 – 79400.000000000 —
58.420356684889 – 69.714942894658 —
– —
78333 – 1776441600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –