BTC/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A bearish trend downwards to the next support line at is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 117286.730000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 115005.18422 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 117286.730000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

117286.730000000 – 116757.990000000 – 116165.190000000 – 114737.110000000 – 114384.000000000 – 115127.270000000 — 39.49282685642 – 37.646163631253

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –