BTC/USDT – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 66249.555 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 69988.83 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Two Crows’ candlestick pattern is discovered. The candles show ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71126 |
| 2nd High | 70126.67 |
| Next High | 69988.83 |
| Current Price | 68176.750000000 |
| Next Low | 67600 |
| 2nd Low | 62510.28 |
| 3rd Low | 60000 |
69988.83 – 66310 – 64743.11 – 67600 – 62510.28 – 62700.8 —
68064.380000000 – 68509.570000000 —
49.976896793139 – 56.326420095404 —
– —
69988.83 – 1772055000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –