BTC/USDT – 4H – SELL

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

The bearish trend down to the next support level at 116128.000000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 120247.800000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

120247.800000000 – 120998.710000000 – 123218.000000000 – 116128.000000000 – 116812.760000000 – 115736.920000000 — 48.08185425446 – 40.150595890195

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