BTC/USDT – 30M – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.
A continuation of the downward movement down to the next support at 103371.020000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 105550.270000000 could occur.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. this 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110392.010000000 |
| 2nd High | 108952.380000000 |
| Next High | 105550.270000000 |
| Current Price | 104697.030000000 |
| Next Low | 103371.020000000 |
| 2nd Low | 102664.310000000 |
| 3rd Low | 102126.160000000 |
105550.270000000 – 108952.380000000 – 107262.310000000 – 103371.020000000 – 106115.350000000 – 106495.090000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Black Crows