BTC/USDT – 1H – SELL

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

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

A bearish movement downwards to the next support level at is likely expected.

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

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

117900.000000000 – 117896.000000000 – 117286.730000000 – 114720.810000000 – 114737.110000000 – 114384.000000000 — 29.991663251241 – 28.516127599715

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