The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 60759.99 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 63239.06 |
| 2nd High | 61962.4 |
| Next High | 60759.99 |
| Current Price | 59668.010000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
60759.99 – 60273.81 – 61962.4 – 58500.1 – 58337 – 58115.01 —
60294.000000000 – 60216.000000000 —
53.659813521908 – 51.845123163258 —
– —
60759.99 – 1782459000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –