BTC/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A bearish trend down to the next support level at 116160.220000000 will persist.

Caution: A possible change in the direction of resistance at 116757.990000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

116009.620000000 – 115605.070000000 – 116757.990000000 – 116160.220000000 – 114737.110000000 – 114930.000000000 — 46.757595430254 – 43.034043901576

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –