BTC/USDT – 30M – SELL

Next a ‘Double top chart pattern’ chart formation is detected. The chart picture shows ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.

The pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.

A bearish descent down to the next support level at 107429.570000000 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 116019.300000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The currency 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%.

116019.300000000 – 118879.140000000 – 118922.450000000 – 114116.000000000 – 115796.230000000 – 117358.840000000 — 38.96851985488 – 36.739275725248

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