BTC/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 67360.66 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 71734.81 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 69547.735 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 71734.81 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

71734.81 – 71100.94 – 70923.75 – 67360.66 – 68228.5 – 69388 —
71119.090000000 – 71099.960000000 —
63.980545519744 – 57.820587080987 —
– —
71734.81 – 1774275300

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –