BTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 65618.49 is expected.

Caution: A possible counter-trend in the direction of resistance at 70281.87 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

70281.87 – 71777 – 71300 – 69452.42 – 69266.06 – 65618.49 —
70018.490000000 – 69726.450000000 —
46.49196121003 – 45.250715697323 —
– —
70281.87 – 1773203400

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –