BTC/USDT – 1H – SELL

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

A descent down to the next support level at 78084.08 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 79199.48 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

79199.48 – 78914.12 – 76669.14 – 78084.08 – 74937.52 – 75666.6 —
79056.590000000 – 80635.510000000 —
61.57000505232 – 74.90789756212 —
– —
79199.48 – 1777755600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –