BTC/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A bearish trend down to the next support line at 114740.990000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 116665.630000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

116665.630000000 – 116331.810000000 – 114715.020000000 – 114740.990000000 – 113430.000000000 – 113155.030000000 — 54.384884453363 – 48.739966710587

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