BTC/USDT – 4H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 74620 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 107500 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. this 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 likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116400 |
| 2nd High | 111250.01 |
| Next High | 107500 |
| Current Price | 89951.700000000 |
| Next Low | 74620 |
| 2nd Low | |
| 3rd Low |
107500 – 111250.01 – 116400 – 94012.45 – 99260.86 – 98944.36 — 36.171405727019 – 31.402810595807 — 64.312947658402 – 50.184022038567 – 76.135904499541 – 63.728925619835
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –