Sell BTC/USDT – 30M – SELL

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

A descent downwards to the next support at 107189.860000000 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 108528.500000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Bearish Belt Hold’ chart pattern is found. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

Support & Resistance Price Range*
3rd High 110392.010000000
2nd High 108952.380000000
Next High 108528.500000000
Current Price 107359.790000000
Next Low 107189.860000000
2nd Low 107154.620000000
3rd Low 107084.150000000

108528.500000000 – 107500.000000000 – 107577.750000000 – 107189.860000000 – 107154.620000000 – 107084.150000000

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