BTC/USDT – 4H – SELL

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

A descending movement down to the next support at 114723.160000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 119800.000000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘RSI cross above 30’ indicator layout is existing. The indicator shows ‘RSI cross above 30’. which is often a bullish chart scenario. The currency pair is likely to rise.

There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 114723.16 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 119800.000000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

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

119800.000000000 – 120247.800000000 – 120998.710000000 – 114723.160000000 – 116128.000000000 – 116812.760000000 — 34.916715004891 – 30.808059635906

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double top retreat up –