BTC/USDT – 1H – SELL

Moreover a ‘Double top chart pattern’ chart layout is found. The chart forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

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

A descent downwards to the next support at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 115720.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘Bearish Belt Hold’ candle chart pattern is detected. The candles show ‘Bearish Belt Hold’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

115720.000000000 – 115000.000000000 – 118922.450000000 – 114121.000000000 – 111920.000000000 – 112722.580000000 — 47.930398341994 – 34.439154491676

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –