BTC/USDT – 4H – 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 112650.000000000 will persist.

Caution: A possible counter-trend in the direction of resistance at 118575.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 111920 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 118575.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Down’ candle chart pattern is found. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

118575.000000000 – 124474.000000000 – 122335.160000000 – 116803.990000000 – 112650.000000000 – 111920.000000000 — 32.038680882605 – 28.628294986647

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –