BTC/USDT – 1H – SELL

The pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.

A bearish trend downwards to the next support line at 114640.140000000 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 116980.000000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

116980.000000000 – 118575.000000000 – 117898.990000000 – 114640.140000000 – 117172.210000000 – 117143.980000000 — 26.265615345255 – 24.797706572904

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –