BTC/USDT – 1H – SELL

There is also a ‘Double top chart pattern’ chart formation is detected. The chart shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.

The pair Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.

A bearish trend down to the next support level at 115796.230000000 is certain.

Caution: A possible change in the direction of the resistance line at 118922.450000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘RSI fall below 30’ indicator layout is existing. The indicator is ‘RSI fall below 30’. this is usually a bearish chart scenario. The pair is likely to go down.

There is also a ‘Three Outside Down’ candlestick chart pattern is detected. The candles show ‘Three Outside Down’. 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

118922.450000000 – 118792.000000000 – 119273.360000000 – 115796.230000000 – 116950.750000000 – 117427.500000000 — 28.693088675374 – 27.05622353124

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Double top chart pattern –