BTC/USDT – 30M – SELL

The pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 109977.000000000 is expected.

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

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.

And also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 110370.56 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 111412.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ candlestick pattern is found. The chart shows ‘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).

111412.000000000 – 111377.190000000 – 110999.830000000 – 110861.200000000 – 109977.000000000 – 110206.960000000 — 42.673698210098 – 41.9081814172

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –