BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support at is likely expected.
Caution: A possible trend reversal in the direction of resistance at 93160 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.
Moreover a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96043 |
| 2nd High | 93836.01 |
| Next High | 93160 |
| Current Price | 85782.190000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
93160 – 92384.61 – 93836.01 – 80600 – 88608 – 90025.06 — 53.591113095681 – 52.861340294985 — 81.929190258544 – 66.220979148191 – 92.640092169392 – 81.380418552122
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –