BTC/USDT – 1H – SELL

The currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support at is expected.

Caution: A possible reversal of the trend in the direction of resistance at 119273.360000000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a negative 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’ heading down is 82%.

119273.360000000 – 120247.800000000 – 119676.730000000 – 117103.100000000 – 117301.000000000 – 116128.000000000 — 49.155549581241 – 46.343474856201

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Inverse Head and Shoulder chart pattern –