BTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 109977.000000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 111412.000000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Bearish Belt Hold’ candle pattern is detected. The chart shows ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

111412.000000000 – 111377.190000000 – 110999.830000000 – 109977.000000000 – 110206.960000000 – 109329.120000000 — 61.173019549657 – 53.920405576584

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – – –