BTC/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 78581.93 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

78581.93 – 78662.5 – 79472.82 – 76960 – 74821.57 – 73724.31 —
77804.230000000 – 78060.290000000 —
42.878544236521 – 46.453278291636 —
– —
78581.93 – 1776996000

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