BTC/USDT – 4H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support line at 103371.020000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 108952.380000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
In addition a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | 110718.000000000 |
| 2nd High | 110530.170000000 |
| Next High | 108952.380000000 |
| Current Price | 103107.110000000 |
| Next Low | 103371.020000000 |
| 2nd Low | 102664.310000000 |
| 3rd Low | 102000.000000000 |
108952.380000000 – 110530.170000000 – 106794.670000000 – 103371.020000000 – 102664.310000000 – 104179.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Black Crows