The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support level at 63678.83 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 66445.93 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 67292.15 |
| 2nd High | 66992 |
| Next High | 66445.93 |
| Current Price | 63974.400000000 |
| Next Low | 63678.83 |
| 2nd Low | 62829.81 |
| 3rd Low | 62348 |
66445.93 – 66992 – 67292.15 – 65360.92 – 65650 – 63678.83 —
64776.660000000 – 64325.650000000 —
43.082449444988 – 41.284594027259 —
– —
66445.93 – 1781712000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –