Sell BTC/USDT – 30M – SELL

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 97649.8126 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 98847.680000000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High
2nd High 99588.010000000
Next High 98847.680000000
Current Price 98200.100000000
Next Low 97136.000000000
2nd Low 97122.110000000
3rd Low 95600.000000000

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