Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 69553 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 74050 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 79360 |
| 2nd High | 76971.52 |
| Next High | 74050 |
| Current Price | 71305.920000000 |
| Next Low | 67400 |
| 2nd Low | 66158 |
| 3rd Low | 65259.21 |
74050 – 68999 – 70096 – 67400 – 66158 – 65259.21 —
72675.070000000 – 72835.730000000 —
53.018743931347 – 55.035792577415 —
– —
74050 – 1772650800
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –