BTC/USDT – 30M – SELL

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

A bearish movement downwards to the next support level at 113579.900000000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 115716.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘StochRSI cross above 20’ indicator signal is existing. The indicator shows ‘StochRSI cross above 20’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 114183 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 115716.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

115716.000000000 – 114417.020000000 – 114228.880000000 – 113579.900000000 – 113355.130000000 – 112650.000000000 — 53.860521731724 – 52.178131286757

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – – –