BTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 117832.320000000 will continue.

Caution: A possible change in the direction of resistance at 119450.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 117103.1 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 119450.000000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

119450.000000000 – 118814.470000000 – 119273.360000000 – 117832.320000000 – 117103.100000000 – 117301.000000000 — 30.807810036738 – 30.008250056023

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – –