BTC/USDT – 4H – SELLThe pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support level at 111684.790000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 117429.050000000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Furthermore a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative 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 | 124474.000000000 |
| 2nd High | 118575.000000000 |
| Next High | 117429.050000000 |
| Current Price | 110949.700000000 |
| Next Low | 111684.790000000 |
| 2nd Low | 107245.000000000 |
| 3rd Low | 106733.330000000 |
117429.050000000 – 118575.000000000 – 124474.000000000 – 111684.790000000 – 116803.990000000 – 112650.000000000 — 34.239214718007 – 32.190809225184
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –