BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline downwards

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

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

Next a ‘RSI fall below 70’ indicator layout is discovered. The indicator shows ‘RSI fall below 70’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Three Inside Down’ candlestick pattern is existing. The candles form ‘Three Inside Down’. 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 success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

118792.000000000 – 118481.810000000 – 119273.360000000 – 115796.230000000 – 117358.840000000 – 116950.750000000 — 58.652439904465 – 58.139235191263

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Inside Down – –