BTC/USDT – 4H – SELL

Additionally a ‘Double top chart pattern’ chart pattern is discovered. The chart forms ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.

The pair Bitcoin/Tether (BTC/USDT) goes from the bullish trendline down.

A descent down to the next support level at 107245.000000000 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 113485.900000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

113485.900000000 – 117429.050000000 – 118575.000000000 – 108666.660000000 – 111684.790000000 – 116803.990000000 — 38.343539106024 – 37.417305954647

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Double top chart pattern – –