BTC/USDT – 1H – SELL

Then a ‘Double top chart pattern’ chart pattern is existing. The chart forms ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.

The pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at is likely expected.

Caution: A possible change in the direction of resistance at 116165.190000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. 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 likely expected. Current target is 113716.145 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 116165.190000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

116165.190000000 – 116665.630000000 – 116331.810000000 – 115127.270000000 – 114740.990000000 – 113430.000000000 — 41.541380176773 – 38.471951780156

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double top chart pattern – –