BTC/USDT – 30M – SELL

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

The bearish trend downwards to the next support level at 106100.010000000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 107985.050000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 106572.5782 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 107985.050000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Two Crows’ candlestick chart pattern is found. The candles form ‘Two Crows’. 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Download BTC/USDT Signal Image

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows