BTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 107429.570000000 will persist.

Caution: A possible change in the direction of the resistance zone at 112937.260000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

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 change in the direction of the support zone at 112937.260000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Two Crows’ chart pattern is found. The candles show ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

112937.260000000 – 114917.100000000 – 115666.680000000 – 110588.000000000 – 110680.000000000 – 114560.000000000 — 36.123585512144 – 34.413837576242

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –