BTC/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.

The pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards

A bearish descent downwards to the next support level at 117301.000000000 is considered certain.

Caution: A possible counter-trend 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.

Additionally a ‘RSI fall below 30’ indicator layout is discovered. The indicator is ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair could go down.

Additionally a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative 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%.

120247.800000000 – 119676.730000000 – 118856.800000000 – 117301.000000000 – 116128.000000000 – 116467.020000000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –