BTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 77140.23 is expected.

Caution: A possible change in the direction of the resistance level at 77885.35 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.

And also a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.

And also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 77140.23 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 77885.35 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

77885.35 – 77711.87 – 78479.37 – 77140.23 – 77450 – 77264.08 —
77624.000000000 – 77584.430000000 —
56.089993981163 – 50.250581664709 —
– —
77885.35 – 1777113000

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