BTC/USDT – 1H – SELLThe pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support level at 89766.39 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 90472.4 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92287.15 |
| 2nd High | 90634.55 |
| Next High | 90472.4 |
| Current Price | 89853.690000000 |
| Next Low | 89766.39 |
| 2nd Low | 89480 |
| 3rd Low | 87719.28 |
90472.4 – 90634.55 – 92287.15 – 89766.39 – 89480 – 89612 — 39.752073833573 – 34.676420526787 — 34.365465757871 – 8.2278481012658 – 47.340347893763 – 30.261928386787
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –