BTC/USDT – 1H – SELL

And also a ‘Double top chart pattern’ chart pattern is found. The formation shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to go down.

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

A continuation of the downward movement downwards to the next support line at 67800 is certain.

Caution: A possible trend reversal in the direction of resistance at 69993.65 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

And also a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

69993.65 – 71126 – 71751.33 – 67800 – 68308 – 68531.5 —
67674.300000000 – 67757.700000000 —
42.65832775825 – 49.671538821586 —
– —
69993.65 – 1770742800

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Double top chart pattern – –