BTC/USDT – 1H – SELL
- Trendline Break Down
- Bearish Engulfing
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish Engulfing
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish Engulfing
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 97097.1208 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 98988.000000000 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | 98988.000000000 |
Current Price | 98468.920000000 |
Next Low | 95600.000000000 |
2nd Low | 93138.000000000 |
3rd Low | 91320.000000000 |
Download BTC/USDT Signal Image
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows
The combination Bitcoin/Tether (BTC/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance line at will continue.
Caution: A possible counter-trend in the direction of the support line at 88722.000000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | |
Current Price | 98118.160000000 |
Next Low | 88722.000000000 |
2nd Low | 66835.000000000 |
3rd Low | 65260.000000000 |