The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A bearish trend downwards to the next support at 65512 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 67516 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Two Crows’ candlestick pattern is existing. The chart shows ‘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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 74198 |
| 2nd High | 67923.24 |
| Next High | 67516 |
| Current Price | 66766.120000000 |
| Next Low | 65512 |
| 2nd Low | 63678.83 |
| 3rd Low | 63418.66 |
64664 – 64762.77 – 64350 – 65512 – 63678.83 – 64214 —
66560.000000000 – 66944.700000000 —
65.784741257222 – 62.201810781202 —
– —
64664 – 1781433000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –