BTC/USDT – 30M – SELL

In addition 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.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 78093.60528 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 79199.48 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Down’ candlestick chart pattern is detected. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

79199.48 – 78596.61 – 78514.82 – 78084.080000000 – 78094.43 – 78040 —
78249.420000000 – 78604.670000000 —
39.538255424806 – 58.114641552671 —
78084.080000000 – 1777788000 —
79199.48 – 1777757400

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