BTC/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A descent downwards to the next support line at 114121.000000000 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 115000.000000000 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 113969.65 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 115000.000000000 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

115000.000000000 – 114260.310000000 – 114063.490000000 – 114121.000000000 – 114148.580000000 – 113579.690000000 — 53.042084939119 – 52.228364048538

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