BTC/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support line at 88908.01 is likely expected.

Caution: A possible change in the direction of the resistance zone at 89799.96 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Tweezers Top’ candle pattern is found. The candles show ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

89799.96 – 90289.97 – 92692.36 – 88908.01 – 89217.59 – 90889 — 53.765541268272 – 37.75227364617 — 52.905907452365 – 49.453762966233 – 35.479658647833 – 43.87858947007

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – Double top chart pattern – –