BTC/USDT – 1H – SELL

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

A bearish trend down to the next support at 114737.110000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 117429.050000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The 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).

116757.990000000 – 116165.190000000 – 116665.630000000 – 114737.110000000 – 114384.000000000 – 115127.270000000 — 67.8641569987 – 61.588697889584

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –