BTC/USDT – 30M – SELL

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

A bearish trend downwards to the next support level at 117321.530000000 will continue.

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

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 116803.99 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 118575.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. which 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

118575.000000000 – 117825.000000000 – 117898.990000000 – 117321.530000000 – 117172.210000000 – 117143.980000000 — 28.19435617282 – 23.973505869289

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –