BTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 113579.900000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 116980.000000000 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 114366 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 116980.000000000 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Matching Low’ candle pattern is detected. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

116980.000000000 – 117995.370000000 – 118575.000000000 – 114366.000000000 – 114640.140000000 – 117321.530000000 — 29.326903725478 – 29.159632402767

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Double top chart pattern – –