BTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 109977.000000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 111377.190000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 110514.56 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 111377.190000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Southern Doji’ candlestick pattern is discovered. The chart shows ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

111377.190000000 – 110999.830000000 – 111307.700000000 – 109977.000000000 – 110206.960000000 – 109329.120000000 — 47.92423645659 – 47.794753007628

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Southern Doji – – –