BTC/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 116803.990000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 117898.990000000 could occur.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

117898.990000000 – 119216.820000000 – 124474.000000000 – 116803.990000000 – 117180.000000000 – 118920.920000000 — 46.010923808231 – 44.890445185525

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –