BTC/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support at 67800 will persist.

Caution: A possible change in the direction of the resistance line at 69993.65 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

69993.65 – 71126 – 71751.33 – 67800 – 68308 – 68531.5 —
69943.440000000 – 69292.880000000 —
44.862655279217 – 47.162610666131 —
– —
69993.65 – 1770742800

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