BTC/USDT – 1H – SELL

The pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards

A continuation of the downward movement down to the next support line at 62348 is certain.

Caution: A possible change in the direction of the resistance line at 63933.02 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 62494.84 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 63933.02 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

63933.02 – 62857.99 – 64200 – 62348 – 60755 – 60780 —
63599.990000000 – 63863.980000000 —
62.346949709739 – 62.064924708012 —
– —
63933.02 – 1781204400

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