BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline downwards

The bearish trend downwards to the next support level at 118207.470000000 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 124474.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 118050.11 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 124474.000000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

124474.000000000 – 120324.430000000 – 119275.460000000 – 118920.920000000 – 118207.470000000 – 118050.110000000 — 22.019721061196 – 19.542138233116

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