BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support level at 69355.34 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 70800 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 69576.91526 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 70800 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Two Crows’ candle chart pattern is discovered. The candles show ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

70800 – 71321 – 70281.87 – 69355.34 – 69205.91 – 68977.91 —
70569.150000000 – 70548.810000000 —
50.449215150751 – 56.288083750667 —
– —
70800 – 1773315000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –