BTC/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

The bearish trend downwards to the next support at will persist.

Caution: A possible change in the direction of the resistance level at 113384.620000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 109461.51322 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 113384.620000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

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

113384.620000000 – 112575.270000000 – 111782.210000000 – 110206.960000000 – 109329.120000000 – 110528.710000000 — 46.796391392337 – 40.648563206262

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –