BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support level at 60000 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 71500 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Additionally a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ heading down is 79%.

71500 – 66826.5 – 71978.58 – 60000 – 70140 – 72945.5 —
70295.970000000 – 70812.210000000 —
65.526490867594 – 66.979231943371 —
– —
71500 – 1770399000

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