BTC/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 109977.000000000 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 110999.830000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 109329.12 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 110999.830000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Inside Down’ candle chart pattern is existing. The chart shows ‘Three Inside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

110999.830000000 – 111307.700000000 – 111700.000000000 – 109977.000000000 – 110206.960000000 – 109329.120000000 — 38.24145434969 – 38.099148332232

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