BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support at 118920.920000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 120324.430000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 123218.000000000 |
| 2nd High | 122335.160000000 |
| Next High | 120324.430000000 |
| Current Price | 122134.760000000 |
| Next Low | 118920.920000000 |
| 2nd Low | 118207.470000000 |
| 3rd Low | 118050.110000000 |
120324.430000000 – 122335.160000000 – 117944.050000000 – 118920.920000000 – 118207.470000000 – 118050.110000000 — 61.325402912206 – 52.322239481059
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Triple bottom chart pattern – –