BTC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 117301.000000000 is likely expected.

Caution: A possible change in the direction of the resistance line at 120247.800000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish 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%.

120247.800000000 – 119676.730000000 – 118856.800000000 – 117301.000000000 – 116128.000000000 – 116467.020000000

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