BTC/USDT – 4H – SELL

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

A descent downwards to the next support at 107245.000000000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 119800.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘RSI fall below 30’ indicator layout is found. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

119800.000000000 – 120247.800000000 – 120998.710000000 – 114723.160000000 – 116128.000000000 – 116812.760000000 — 32.063484705525 – 28.984386388777

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