BTC/USDT – 1H – SELL

The pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 87263.53 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 91224.99 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 87263.53 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 91224.99 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Matching Low’ candle pattern is found. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

91224.99 – 90088.94 – 90340 – 88578.36 – 88515.37 – 87263.53 —
89461.400000000 – 88508.410000000 —
45.367149493408 – 31.607212281907 —
– —
91224.99000 – 1769187600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Double top retreat up – –