BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
The bearish trend down to the next support at 116467.020000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 118856.800000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency 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’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 120998.710000000 |
| 2nd High | 120820.710000000 |
| Next High | 118856.800000000 |
| Current Price | 119016.830000000 |
| Next Low | 116467.020000000 |
| 2nd Low | 115736.920000000 |
| 3rd Low | 107429.570000000 |
118856.800000000 – 118499.900000000 – 118371.420000000 – 116467.020000000 – 117723.230000000 – 117277.340000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Black Crows –