BTC/USDT – 1H – SELL

The pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards

The bearish trend downwards to the next support line at 116128.000000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 119676.730000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 118563.355 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 119676.730000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Two Crows’ candle pattern is detected. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

119676.730000000 – 118856.800000000 – 118499.900000000 – 116128.000000000 – 116467.020000000 – 117277.340000000

Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two Crows –