BTC/USDT – 1H – SELL

The pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.

A continuation of the downtrend down to the next support line at 87719.28 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 94150 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 89095.45408 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 94150 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. 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%.

91760 – 89799.96 – 90289.97 – 87719.28 – 88908.01 – 89217.59 — 48.039197393664 – 39.515118455696 — 26.519337016575 – 7.6299365664007 – 54.379853622079 – 29.869229041447

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double bottom retreat down – –