BTC/USDT – 1H – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A bearish trend down to the next support level at is expected.
Caution: A possible trend reversal in the direction of the resistance level at 110392.010000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 105538.15038 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 110392.010000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Black Crows’ candle pattern is existing. The candles show ‘Three Black Crows’. which is a negative 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 | 110530.170000000 |
| 2nd High | 110400.000000000 |
| Next High | 110392.010000000 |
| Current Price | 105973.620000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
110392.010000000 – 110400.000000000 – 110530.170000000 – 108331.030000000 – 105318.370000000 – 104964.140000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Black Crows