BTC/USDT – 1H – SELLThe currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 102345.000000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 103982.640000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.
Furthermore a ‘Identical 3 Crows’ candle chart pattern is discovered. The chart forms ‘Identical 3 Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Identical 3 Crows’ going down is 79% (Bull Market) & 72% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 108952.380000000 |
| 2nd High | 106524.650000000 |
| Next High | 103982.640000000 |
| Current Price | 102245.100000000 |
| Next Low | 102345.000000000 |
| 2nd Low | 102000.000000000 |
| 3rd Low | 101383.070000000 |
103982.640000000 – 106524.650000000 – 105550.270000000 – 102345.000000000 – 103929.270000000 – 103500.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Identical 3 Crows