BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.

A bearish movement downwards to the next support level at 118920.920000000 is expected.

Caution: A possible change in the direction of the resistance line at 122335.160000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 120192.635 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 122335.160000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which 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 ‘Three Black Crows’ heading down is 82%.

120324.430000000 – 119275.460000000 – 122335.160000000 – 118920.920000000 – 118207.470000000 – 118050.110000000 — 58.161473306477 – 53.638626258836

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Triple bottom chart pattern – –