BTC/USDT – 1H – SELL

The currency pair Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support line at 115796.230000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 118792.000000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 117261.58 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 118792.000000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Collapsing Doji Star’ chart pattern is discovered. The chart forms ‘Collapsing Doji Star’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

118792.000000000 – 119273.360000000 – 119800.000000000 – 115796.230000000 – 116950.750000000 – 117427.500000000 — 55.872828857399 – 45.406805793301

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Collapsing Doji Star – Double top chart pattern –