BTC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 112937.260000000 should always be considered.
Consider stop-loss settings accordingly.

Furthermore 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 currency pair is likely to fall.

Furthermore a ‘Three Inside Down’ chart pattern is detected. The chart forms ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

112937.260000000 – 115666.680000000 – 117429.050000000 – 109393.930000000 – 108666.660000000 – 110680.000000000 — 60.516156871885 – 55.276753208293

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