The currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 62537.56 is certain.
Caution: A possible trend reversal in the direction of resistance at 65600 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. 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 | 66445.93 |
| 2nd High | 65622.83 |
| Next High | 65600 |
| Current Price | 63931.670000000 |
| Next Low | 62537.56 |
| 2nd Low | 61824.97 |
| 3rd Low | 61544.56 |
65600 – 64425 – 64290.11 – 62537.56 – 63838.28 – 61824.97 —
63518.000000000 – 64216.610000000 —
41.137404905497 – 59.750677726401 —
– —
65600 – 1784127600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –