BTC/USDT – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

The bearish trend down to the next support line at 70522.770000000 is expected.

Caution: A possible trend reversal in the direction of resistance at 72857 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Current target is 71760.25214 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 72857 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

72857 – 72761 – 69247.9 – 70522.770000000 – 70466 – 70707.23 —
71250.390000000 – 72700.000000000 —
50.693404389194 – 60.201849350546 —
70522.770000000 – 1775743200 —
72857 – 1775653200

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –