BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.

A descent down to the next support at 61108.99 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 63461.99 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candlestick chart pattern is discovered. 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).

63461.99 – 62750 – 62200 – 61108.99 – 60104 – 59588 —
63392.000000000 – 63241.330000000 —
65.121269128135 – 57.097969361945 —
– —
63461.99 – 1783193400

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