BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support level at 117180.000000000 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 119216.820000000 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black 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 likelyhood of ‘Three Black Crows’ heading down is 82%.

119216.820000000 – 124474.000000000 – 120324.430000000 – 117180.000000000 – 118920.920000000 – 118207.470000000 — 29.704115876316 – 28.597075656832

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double top chart pattern – –