BTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 109329.120000000 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 113485.900000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 111588.34632 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 113485.900000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. 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).

111765.310000000 – 112575.270000000 – 111782.210000000 – 109329.120000000 – 110279.680000000 – 110528.710000000 — 40.837628894783 – 37.412471235965

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