BTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at will persist.

Caution: A possible trend reversal in the direction of resistance at 115875.840000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 112566.01 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 115875.840000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

115875.840000000 – 116980.000000000 – 117995.370000000 – 112566.010000000 – 114366.000000000 – 114640.140000000 — 53.19106630777 – 50.69314059552

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