BTC/USDT – 30M – SELL

Next a ‘Double top chart pattern’ chart layout is detected. The chart forms ‘Double top chart pattern’. this is a bearish chart scenario. The pair is likely to go down.

The combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards

A bearish movement downwards to the next support line at 121649.68 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 124197.25 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Next a ‘Three Outside Down’ candlestick chart pattern is detected. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

124197.25 – 122292.62 – 125126 – 121649.68 – 121066.14 – 120574.94 — 36.282499594206 – 32.472522804149 — 0.71839821259775 – 0.71839821259775 – 1.0084529254226 – 0.71839821259775

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – Double top chart pattern – –