BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support level at 83709.25 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 93160 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which 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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96043 |
| 2nd High | 93836.01 |
| Next High | 93160 |
| Current Price | 83643.450000000 |
| Next Low | 83709.25 |
| 2nd Low | 83034.23 |
| 3rd Low | 78464.36 |
93160 – 92384.61 – 93836.01 – 88608 – 90025.06 – 89253.78 — 27.542846084847 – 26.300675310564 — 63.381391772395 – 40.624375240292 – 70.396547786789 – 60.308727412534
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Triple top chart pattern – –