BTC/USDT – 1H – SELL

The pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline down.

A continuation of the downward movement down to the next support at is considered certain.

Caution: A possible change in the direction of the resistance zone at 120247.800000000 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Then a ‘RSI fall below 30’ indicator signal is detected. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The currency pair could go down.

Then a ‘Tweezers Top’ candlestick pattern is detected. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

120247.800000000 – 119676.730000000 – 118856.800000000 – 116128.000000000 – 116467.020000000 – 117277.340000000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – Double top chart pattern –