BTC/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support at 110528.710000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 112575.270000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 109915.135 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 112575.270000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Identical 3 Crows’ chart pattern is detected. The chart shows ‘Identical 3 Crows’. this is a bearish pattern 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’ heading down is 79% (Bull Market) & 72% (Bear Market).

112575.270000000 – 111782.210000000 – 109912.400000000 – 110528.710000000 – 108393.390000000 – 107459.490000000 — 44.490923371657 – 41.723859114346

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Identical 3 Crows – – –