BTC/USDT – 30M – SELL

The combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline downwards

A bearish trend down to the next support at 89612 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 91374 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 88797.29732 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 91374 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Matching Low’ candlestick pattern is existing. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

91374 – 92287.15 – 91700 – 89612 – 88995.33 – 87719.28 — 39.807869902061 – 39.026402799168 — 30.059347570429 – 16.832915218282 – 25.915997362311 – 25.442723288181

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –