BTC/USDT – 4H – SELL

The pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at 114723.160000000 is certain.

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

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 116727.94224 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 120247.800000000 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

120247.800000000 – 120998.710000000 – 123218.000000000 – 114723.160000000 – 116128.000000000 – 116812.760000000 — 48.812266505886 – 45.469968305293

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –