Sell BTC/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 117103.100000000 will continue.

Caution: A possible change in the direction of resistance at 119450.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 120820.710000000
2nd High 120247.800000000
Next High 119450.000000000
Current Price 117200.000000000
Next Low 117103.100000000
2nd Low 116128.000000000
3rd Low 115736.920000000

119450.000000000 – 118814.470000000 – 119273.360000000 – 117832.320000000 – 117103.100000000 – 117301.000000000 — 29.938434779931 – 28.126972167402

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