BTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 114640.140000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 117995.370000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 115568.76696 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 117995.370000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Matching Low’ chart pattern is detected. The candles show ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

117995.370000000 – 118575.000000000 – 117825.000000000 – 114640.140000000 – 117321.530000000 – 117172.210000000 — 57.627746550139 – 56.956772747515

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – – –