BTC/USDT – 4H – SELLThe combination Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support line at 114384.000000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 116665.630000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 116665.630000000 |
| Current Price | 115226.930000000 |
| Next Low | 114384.000000000 |
| 2nd Low | 109977.000000000 |
| 3rd Low | 109329.120000000 |
116665.630000000 – 113384.620000000 – 113485.900000000 – 114384.000000000 – 109977.000000000 – 109329.120000000 — 52.003500053944 – 46.694700095909
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –