BTC/USDT – 1H – SELL

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

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

Caution: A possible counter-trend in the direction of resistance at 119800.000000000 should always be considered.
Consider stop-loss settings accordingly.

Furthermore 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 signal. The currency pair could go down.

Furthermore a ‘RSI fall below 70’ indicator signal is existing. The indicator shows ‘RSI fall below 70’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 117485.48 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 119800.000000000 should always be considered.
Consider stop-loss settings accordingly.

119800.000000000 – 119450.000000000 – 119273.360000000 – 114723.160000000 – 117103.100000000 – 117301.000000000 — 41.641460008868 – 35.266516369525

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – – Double bottom retreat down –