BTC/USDT – 1H – SELL

The pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support at 81871.37 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 84621.16 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 81118 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 84621.16 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ candle pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

84621.16 – 90600 – 89523.16 – 81871.37 – 81118 – 87704 —
84232.000000000 – 83203.260000000 —
50.746080694873 – 39.626639233317 —
– —
84621.16000 – 1769799600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –