The pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 61824.97 will continue.
Caution: A possible trend reversal in the direction of resistance at 64896 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.
Moreover a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 65600 |
| 2nd High | 64997.52 |
| Next High | 64896 |
| Current Price | 62804.000000000 |
| Next Low | 61824.97 |
| 2nd Low | 61705.29 |
| 3rd Low | 61544.56 |
64896 – 64997.52 – 65600 – 63838.28 – 64392.01 – 61824.97 —
63699.600000000 – 62948.000000000 —
36.421444653562 – 29.178370779709 —
– —
64896 – 1784214000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –