BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 63678.83 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 66200 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 67292.15 |
| 2nd High | 66992 |
| Next High | 66200 |
| Current Price | 64704.910000000 |
| Next Low | 63678.83 |
| 2nd Low | 63418.66 |
| 3rd Low | 63400 |
66200 – 66992 – 67292.15 – 65477.5 – 65360.92 – 65650 —
65739.620000000 – 64993.970000000 —
41.386716810654 – 28.912793320316 —
– —
66200 – 1781661600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –