BTC/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

The bearish trend down to the next support at will persist.

Caution: A possible counter-trend in the direction of resistance at 115720.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 113820 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 115720.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candle pattern is detected. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

115720.000000000 – 115000.000000000 – 114260.310000000 – 114121.000000000 – 114148.580000000 – 113579.690000000 — 44.858999897657 – 42.768254235269

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –