BTC/USDT – 1H – SELL

The currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.

A continuation of the bearish trend down to the next support at 115100.000000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 115819.060000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

115819.060000000 – 116121.810000000 – 117900.000000000 – 115100.000000000 – 114720.810000000 – 114737.110000000 — 26.969057875416 – 25.524353879447

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –