BTC/USDT – 30M – SELL

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

A bearish movement downwards to the next support level at is likely expected.

Caution: A possible trend reversal in the direction of resistance at 108952.380000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 105448.5099 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 108952.380000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

108952.380000000 – 107262.310000000 – 105838.240000000 – 106115.350000000 – 106495.090000000 – 104494.530000000

Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Outside Down