BTC/USDT – 30M – SELL

The pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.

A bearish trend downwards to the next support level at 92407.13 is certain.

Caution: A possible change in the direction of resistance at 94789.08 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Belt Hold’ candle chart pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

94789.08 – 93388 – 89120.01 – 92407.13 – 92155 – 90863.47 — 51.209806160713 – 43.057152239251 — 26.457158205748 – 26.457158205748 – 18.792433947577 – 23.094392683041

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Belt Hold – – –