BTC/USDT – 30M – SELL

Then a ‘Double bottom retreat down’ chart formation is discovered. The chart shows ‘Double bottom retreat down’. which is a negative chart scenario. The currency pair is likely to go down.

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

A descent downwards to the next support line at 110861.200000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 111412.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Belt Hold’ candle pattern is existing. The chart forms ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

111412.000000000 – 111377.190000000 – 110999.830000000 – 110861.200000000 – 109977.000000000 – 110206.960000000 — 61.689845109835 – 50.319684324199

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – Double bottom retreat down – –