The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 63030 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 67516 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
And also a ‘Two Crows’ candlestick chart pattern is existing. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74198 |
| 2nd High | 67923.24 |
| Next High | 67516 |
| Current Price | 64912.980000000 |
| Next Low | 63030 |
| 2nd Low | 62510.28 |
| 3rd Low | 60000 |
67516 – 67923.24 – 74198 – 65426.34 – 70686.68 – 73400 —
66092.000000000 – 65860.000000000 —
36.021824844187 – 43.229179855991 —
– —
67516 – 1780468200
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –