BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 117172.210000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 118575.000000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Two Crows’ candle pattern is discovered. The chart shows ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

118575.000000000 – 117898.990000000 – 119216.820000000 – 117172.210000000 – 117143.980000000 – 116803.990000000 — 40.737090024383 – 38.910399911029

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – – –