BTC/USDT – 30M – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards

A descent down to the next support level at 62926.01 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 64700 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

63500 – 63283.26 – 62642 – 62926.01 – 62465.39 – 61705.29 —
64367.960000000 – 64608.000000000 —
66.970446862385 – 70.621811860587 —
– —
63500 – 1783620000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –