BTC/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

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

A bearish descent downwards to the next support at will persist.

Caution: A possible trend reversal in the direction of the resistance level at 119800.000000000 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Three Inside Down’ candle pattern is detected. The candles show ‘Three Inside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

119800.000000000 – 119540.010000000 – 118438.830000000 – 117859.980000000 – 117825.500000000 – 117304.460000000 — 45.590966929116 – 40.594673872715

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern –