BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 113579.900000000 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 115875.840000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ candlestick 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 success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 117995.370000000 |
| 2nd High | 116980.000000000 |
| Next High | 115875.840000000 |
| Current Price | 113294.280000000 |
| Next Low | 113579.900000000 |
| 2nd Low | 113355.130000000 |
| 3rd Low | 112650.000000000 |
115875.840000000 – 116980.000000000 – 117995.370000000 – 114366.000000000 – 114640.140000000 – 117321.530000000 — 37.984014387889 – 36.332896319297
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double top chart pattern – –