BTC/USDT – 30M – SELL

Additionally a ‘Double bottom retreat down’ chart pattern is found. The chart picture forms ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.

The pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.

A bearish movement downwards to the next support line at 117550.000000000 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 120820.710000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

117950.000000000 – 119233.710000000 – 119676.730000000 – 117550.000000000 – 116128.000000000 – 116467.020000000

Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Black Crows – Double bottom retreat down