BTC/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards

A bearish trend down to the next support level at 116977.590000000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 117896.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Down’ candlestick pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. 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).

117896.000000000 – 117286.730000000 – 116009.620000000 – 116977.590000000 – 114720.810000000 – 116160.220000000 — 56.926522571007 – 56.307325993198

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –