BTC/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

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

A bearish movement down to the next support level at 114121.000000000 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 115000.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 113969.65 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 115000.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Outside Down’ candle chart pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

115000.000000000 – 114260.310000000 – 114063.490000000 – 114121.000000000 – 114148.580000000 – 113579.690000000 — 53.042084939119 – 52.228364048538

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –