BTC/USDT – 1H – SELL

The currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards

A continuation of the downtrend down to the next support at 111920.000000000 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 115720.000000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 111920 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 115720.000000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

115720.000000000 – 115000.000000000 – 118922.450000000 – 114121.000000000 – 111920.000000000 – 112722.580000000 — 34.544168135714 – 33.758500549609

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –