BTC/USDT – 4H – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 80600 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 93092 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘RSI fall below 30’ indicator layout is discovered. The indicator is ‘RSI fall below 30’. which could be a negative chart signal. The pair is likely to go down.

Also there is a ‘Three Outside Down’ candlestick chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish 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 Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

93092 – 89228 – 107500 – 80600 – 94012.45 – 99260.86 — 48.097587054784 – 27.600985046544 — 29.51225315251 – 14.996431120628 – 31.211832817829 – 27.07827742089

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