BTC/USDT – 30M – SELL

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

The bearish trend down to the next support line at 91530.450000000 is likely expected.

Caution: A possible change in the direction of the resistance zone at 94277.230000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 92725.91508 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 94277.230000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

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

Download BTC/USDT Signal Image

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