BTC/USDT – 4H – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 114723.160000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 120247.800000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 120998.710000000 |
| Next High | 120247.800000000 |
| Current Price | 117854.350000000 |
| Next Low | 114723.160000000 |
| 2nd Low | 107245.000000000 |
| 3rd Low | 106733.330000000 |
120247.800000000 – 120998.710000000 – 123218.000000000 – 114723.160000000 – 116128.000000000 – 116812.760000000 — 47.907344285637 – 45.987573203772
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –