BTC/USDT – 30M – SELL

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

A bearish trend downwards to the next support level at 117358.840000000 is considered certain.

Caution: A possible change in the direction of resistance at 118481.810000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 116950.75 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 118481.810000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Southern Doji’ candle pattern is existing. The chart forms ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

118481.810000000 – 119273.360000000 – 119800.000000000 – 117358.840000000 – 116950.750000000 – 117450.000000000 — 29.921855845024 – 29.352973353467

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – –