BTC/USDT – 4H – SELL

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

A bearish descent downwards to the next support line at 107245.000000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 117429.050000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 111684.79 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 117429.050000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Two Crows’ candlestick pattern is found. The candles show ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

117429.050000000 – 118575.000000000 – 124474.000000000 – 111684.790000000 – 116803.990000000 – 112650.000000000 — 34.209108133554 – 32.30362400957

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –