BTC/USDT – 4H – SELL

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

A continuation of the downward movement down to the next support at is expected.

Caution: A possible trend reversal in the direction of the resistance level at 65600 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. 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 expected. Current target is 61700.095 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 65600 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

65600 – 64692.83 – 64700 – 61824.97 – 61544.56 – 61306.84 —
65470.000000000 – 64276.000000000 —
62.964774254565 – 49.89244390543 —
– —
65600 – 1784117100

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