BTC/USDT – 4H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
A descent downwards to the next support line at 74620 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 107500 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘RSI fall below 30’ indicator signal is found. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.
Furthermore a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 116400 |
| 2nd High | 111250.01 |
| Next High | 107500 |
| Current Price | 88884.560000000 |
| Next Low | 74620 |
| 2nd Low | |
| 3rd Low |
107500 – 111250.01 – 116400 – 94012.45 – 99260.86 – 98944.36 — 31.420407539633 – 28.466628897936 — 50.108053276881 – 29.577930669489 – 63.672047278822 – 47.980800329305
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –