Indicators and patterns
1/18/2025
Indicators and patterns
The Identical Three Crows pattern is a bearish reversal pattern that consists of three consecutive long bearish (black or red) candlesticks with small or non-existent shadows. Each candlestick opens at or near the previous close and closes near the low of the candle. This pattern suggests a strong shift in momentum from bullish to bearish.In this case, the Identical Three Crows pattern has been identified on the 15-minute chart of the BTC/USD pair. The signal generated is bearish, indicating a potential trend reversal to the downside. The recommendation based on this pattern and signal is to consider selling BTC/USD.
The pattern was identified at a price of 104106.82 on January 17, 2025, at 23:45 UTC. Traders and investors may interpret this pattern as a sign to be cautious or to consider shorting BTC/USD positions. It is important to use this signal in conjunction with other technical analysis tools and risk management strategies to make informed trading decisions.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
