BTC/USDT – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 84294.165 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 87453.670000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ candlestick pattern is detected. The candles show ‘Two 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93721.370000000 |
| 2nd High | 91100.000000000 |
| Next High | 87453.670000000 |
| Current Price | 85173.780000000 |
| Next Low | 81134.660000000 |
| 2nd Low | 79939.900000000 |
| 3rd Low | 76606.000000000 |