BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.

A descent down to the next support level at 114740.990000000 will persist.

Caution: A possible change in the direction of the resistance level at 116331.810000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 115018.4346 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 116331.810000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ candlestick pattern is existing. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

116331.810000000 – 114313.130000000 – 113293.290000000 – 114740.990000000 – 113430.000000000 – 110766.660000000 — 64.523562821921 – 58.985676825535

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