BTC/USDT – 1H – SELL

The currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 114640.140000000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 118575.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

118575.000000000 – 117898.990000000 – 119216.820000000 – 114640.140000000 – 117172.210000000 – 117143.980000000 — 43.394861723768 – 42.293017948034

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –