BTC/USDT – 1H – SELLCorrection 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 trend reversal in the direction of the support level at 75534.760000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Bearish Harami’ candle chart pattern is detected. The candles show ‘Bearish Harami’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 76038 |
| Next High | 75534.760000000 |
| Current Price | 74637.770000000 |
| Next Low | 73309.85 |
| 2nd Low | 70505.88 |
| 3rd Low | 70466 |
75534.760000000 – 75425 – 76038 – 73309.85 – 73514 – 73795.47 —
75534.760000000 – 74839.310000000 —
58.435583744393 – 48.58418642926 —
75534.760000000 – 1776369600 —
– 1776369600
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Harami – – –