BTC/USDT – 4H – SELL

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 71666.5 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 78333 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

78333 – 76038 – 73790 – 73309.85 – 70505.88 – 65712.12 —
77048.000000000 – 76240.660000000 —
56.847011456295 – 54.705166944476 —
– —
78333 – 1776441600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –