BTC/USDT – 1H – SELL

The currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline down.

A continuation of the downward movement down to the next support level at 88578.36 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 91224.99 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.

There is also a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. this 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 Engulfing’ heading down is 79%.

91224.99 – 90088.94 – 90340 – 88578.36 – 88515.37 – 87263.53 —
89595.410000000 – 89395.230000000 —
47.169908247894 – 43.599918391637 —
– —
91224.99000 – 1769187600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –