BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.

A bearish descent downwards to the next support at 68308 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 71126 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 64143.04 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 71126 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

71126 – 71751.33 – 76971.52 – 68308 – 68531.5 – 60000 —
70807.750000000 – 69906.500000000 —
52.679996481801 – 47.324662441908 —
– —
71126 – 1770667200

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –