BTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at will continue.

Caution: A possible reversal of the trend in the direction of resistance at 72271.41 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative pattern signal. 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).

72271.41 – 71554.95 – 71751.33 – 70000 – 70251.33 – 68787.34 —
71453.530000000 – 70902.510000000 —
59.908288934342 – 49.152456867551 —
– —
72271.41 – 1770591600

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