BTC/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards

A bearish movement down to the next support line at 116977.590000000 is considered certain.

Caution: A possible change in the direction of the resistance level at 117896.000000000 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 – –