BTC/USDT – 30M – SELL

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 70431.1224 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 71940.49 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bearish Belt Hold’ candlestick pattern is found. The candles show ‘Bearish Belt Hold’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

71940.49 – 70941.17 – 71307.92 – 70500 – 70317 – 70481.7 —
71867.400000000 – 71624.600000000 —
65.729478339526 – 48.37015592666 —
– —
71940.49 – 1773565200

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