BTC/USDT – 4H – SELL

Additionally a ‘Double top chart pattern’ chart pattern is existing. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards

A descent downwards to the next support line at is likely expected.

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

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

Additionally a ‘RSI fall below 30’ indicator layout is existing. The indicator is ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair could go down.

Additionally a ‘Falling Window’ candlestick chart pattern is detected. The candles form ‘Falling Window’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Falling Window’ going down is 67% (Bull Market) and 73% (Bear Market).

120247.800000000 – 120998.710000000 – 123218.000000000 – 116128.000000000 – 116812.760000000 – 115736.920000000 — 40.141129049792 – 30.934530929393

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Falling Window – Double top chart pattern –