BTC/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

The bearish trend downwards to the next support level at will persist.

Caution: A possible reversal of the trend in the direction of resistance at 117286.730000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 115005.18422 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 117286.730000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. 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 ‘Two Crows’ heading 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 – –