BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.

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

Caution: A possible trend reversal in the direction of the resistance level at 116665.630000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Besides a ‘Bearish Belt Hold’ candle chart pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

116665.630000000 – 116331.810000000 – 114313.130000000 – 115127.270000000 – 114740.990000000 – 113430.000000000 — 38.374686430409 – 34.630143566664

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