BTC/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 73309.85 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 75425 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 73271.94 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 75425 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

75425 – 76038 – 73790 – 73309.85 – 73514 – 73795.47 —
74438.310000000 – 75154.770000000 —
48.222091114201 – 53.520060897013 —
– —
75425 – 1776290400

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –