BTC/USDT – 30M – SELL

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

A bearish descent down to the next support line at 83034.230000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 84990.220000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘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’ heading down is 69% (Bull Market) & 70% (Bear Market).

In addition a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Download BTC/USDT Signal Image

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