BTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 115209.020000000 is certain.

Caution: A possible trend reversal in the direction of resistance at 115819.060000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 115209.02 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 115819.060000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

115819.060000000 – 116121.810000000 – 115985.200000000 – 115209.020000000 – 115329.030000000 – 115441.830000000 — 39.189416545963 – 37.217959589652

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