BTC/USDT – 30M – SELL

The combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 114640.140000000 will continue.

Caution: A possible counter-trend in the direction of resistance at 117995.370000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

There is also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

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 counter-trend in the direction of the support level at 117995.370000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading 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 – – –