BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.

A continuation of the downward movement down to the next support line at 114640.140000000 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 117995.370000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. 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 zone at 117995.370000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a negative pattern signal. The 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’ going down is 69% (Bull Market) & 70% (Bear Market).

117995.370000000 – 118575.000000000 – 117825.000000000 – 114640.140000000 – 117321.530000000 – 117172.210000000 — 53.84925994073 – 52.263659630942

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –