BTC/USDT – 30M – SELL

Next a ‘Double top chart pattern’ chart layout is existing. The chart forms ‘Double top chart pattern’. which is a bearish signal. The pair is likely to go down.

The currency pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards

The bearish trend downwards to the next support level at 116359.890000000 is certain.

Caution: A possible change in the direction of the resistance level at 119216.820000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candle chart pattern is detected. The chart forms ‘Three Outside Down’. which 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’ going down is 69% (Bull Market) & 70% (Bear Market).

119216.820000000 – 124474.000000000 – 120324.430000000 – 117180.000000000 – 118920.920000000 – 118207.470000000 — 36.158237961778 – 34.190588841072

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