BTC/USDT – 1H – SELL

Next a ‘Double bottom retreat down’ chart formation is found. The chart picture forms ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 118563.355 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 119676.730000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

119676.730000000 – 118856.800000000 – 118499.900000000 – 116128.000000000 – 116467.020000000 – 117277.340000000

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