The pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 80572.77 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 81080 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 82850 |
| 2nd High | 81708.32 |
| Next High | 81080 |
| Current Price | 80807.960000000 |
| Next Low | 80572.77 |
| 2nd Low | 80135 |
| 3rd Low | 79181.48 |
81080 – 80666.66 – 80371.23 – 80572.77 – 80135 – 79181.48 —
80816.520000000 – 80909.650000000 —
53.991981740419 – 57.096750977786 —
– —
81080 – 1778351400
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –