BTC/USDT – 30M – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.

A continuation of the bearish trend down to the next support level at 107429.570000000 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 112937.260000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 110588 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 112937.260000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick chart pattern is found. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

112937.260000000 – 114917.100000000 – 115666.680000000 – 110588.000000000 – 110680.000000000 – 114560.000000000 — 31.510162729127 – 25.488992416954

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