BTC/USDT – 4H – SELL

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

A continuation of the bearish trend downwards to the next support level at 114723.160000000 is expected.

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

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. this is usually a bearish signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Three Black Crows’ candlestick pattern is found. The candles form ‘Three Black Crows’. which is a bearish 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’ heading down is 82%.

119800.000000000 – 120247.800000000 – 120998.710000000 – 114723.160000000 – 116128.000000000 – 116812.760000000 — 40.435929364149 – 36.125056459266

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double top chart pattern –