BTC/USDT – 4H – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.

A continuation of the bearish trend down to the next support level at 108666.660000000 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 117429.050000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 108666.66 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 117429.050000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

117429.050000000 – 118575.000000000 – 124474.000000000 – 108666.660000000 – 111684.790000000 – 116803.990000000 — 46.898258286324 – 44.088605227669

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Double bottom retreat down – –