BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 94150.050000000 will persist.
Caution: A possible change in the direction of resistance at 100421.800000000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 95849.4742 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 100421.800000000 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a bearish 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 103550.000000000 |
| 2nd High | 101351.000000000 |
| Next High | 100421.800000000 |
| Current Price | 96660.010000000 |
| Next Low | 94150.050000000 |
| 2nd Low | 90500.000000000 |
| 3rd Low | 89667.660000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows