Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 102126.6665 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 104857.820000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
Also there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 105819.450000000 |
Next High | 104857.820000000 |
Current Price | 103043.490000000 |
Next Low | 102612.500000000 |
2nd Low | 101383.070000000 |
3rd Low | 100718.370000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down