BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support level at 114720.810000000 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 117900.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. 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).

117900.000000000 – 117896.000000000 – 117286.730000000 – 116612.030000000 – 116977.590000000 – 114720.810000000 — 31.797483902644 – 27.638463000962

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Double top chart pattern – –