The combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 63640.83 is expected.
Caution: A possible change in the direction of the resistance zone at 64290.11 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.
Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. 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 Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 64504.11 |
| 2nd High | 64463.83 |
| Next High | 64290.11 |
| Current Price | 63920.400000000 |
| Next Low | 63640.83 |
| 2nd Low | 62926.01 |
| 3rd Low | 62465.39 |
64290.11 – 64463.83 – 64504.11 – 63640.83 – 63702.16 – 63896.18 —
64177.710000000 – 64230.000000000 —
54.576552922145 – 57.270862982012 —
– —
64290.11 – 1783866600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –