BTC/USDT – 4H – SELL

The combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.

A descending movement down to the next support line at 62510.28 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 69988.83 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K falls below 0.8’ indicator layout is existing. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 62896.05276 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 69988.83 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black 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 ‘Three Black Crows’ going down is 82%.

69988.83 – 68698.7 – 70126.67 – 62510.28 – 65631.83 – 65118 —
68860.000000000 – 68149.930000000 —
57.754345310582 – 45.687458935292 —
– —
69988.83 – 1772049600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –