Sell BTC/USDT – 4H – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 72512.49 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 74275.66 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 78200
2nd High 78080
Next High 74275.66
Current Price 69652.190000000
Next Low 72512.49
2nd Low 70505.88
3rd Low 65712.12

74275.66 – 78080 – 78200 – 72512.49 – 74289.6 – 76051 —
74198.000000000 – 71408.900000000 —
41.997593462821 – 25.566761372464 —
– —
74275.66 – 1780185600

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