BTC/USDT – 30M – SELL

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

A bearish trend downwards to the next support line at 117103.100000000 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 119273.360000000 could happen.
Consider stop-loss settings accordingly.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

118814.470000000 – 119273.360000000 – 118708.240000000 – 117103.100000000 – 117301.000000000 – 117550.000000000 — 52.359717225008 – 49.981427318491

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – –