BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 104494.530000000 will continue.

Caution: A possible counter-trend in the direction of resistance at 108952.380000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 104494.53 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 108952.380000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Two Crows’ candle chart pattern is existing. The chart forms ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

108952.380000000 – 107262.310000000 – 105838.240000000 – 106115.350000000 – 106495.090000000 – 104494.530000000

Trading Signals: FOREX – BTC – BTC/USDT – USDT – Two Crows