BTC/USDT – 30M – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 66280.2 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 68318.39 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. 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 probability of ‘Bearish Engulfing’ going down is 79%.

68318.39 – 67198.1 – 67320 – 66280.2 – 65631.83 – 65870 —
67836.600000000 – 68233.990000000 —
52.168432958478 – 57.153515747111 —
– —
68318.39 – 1771581600

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