BTC/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 116467.020000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 119676.730000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

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

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 117153.89794 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 119676.730000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

119676.730000000 – 118856.800000000 – 118499.900000000 – 116467.020000000 – 117723.230000000 – 117277.340000000

Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Black Crows – Double bottom retreat down