The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 91466.520000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 94973.370000000 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 91466.52 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 94973.370000000 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 99588.010000000 |
2nd High | 98871.800000000 |
Next High | 94973.370000000 |
Current Price | 92119.990000000 |
Next Low | 91466.520000000 |
2nd Low | 91320.000000000 |
3rd Low | 90975.800000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows