BTC/USDT – 1H – SELL

Moreover a ‘Double top chart pattern’ chart pattern is existing. The chart picture forms ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.

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

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

Caution: A possible change in the direction of the resistance line at 116165.190000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 113716.145 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 116165.190000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

116165.190000000 – 116665.630000000 – 116331.810000000 – 115127.270000000 – 114740.990000000 – 113430.000000000 — 41.541380176773 – 38.471951780156

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Double top chart pattern – –