BTC/USDT – 1H – SELL

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

A descent downwards to the next support level at 118207.470000000 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 122335.160000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘RSI fall below 70’ indicator signal is detected. The indicator is ‘RSI fall below 70’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘StochRSI fall below 80’ indicator signal is detected. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

122335.160000000 – 117944.050000000 – 115716.000000000 – 118207.470000000 – 118050.110000000 – 116359.890000000 — 52.926399089614 – 49.877136967987

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Double bottom retreat down – –