BTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 63030 is likely expected.

Caution: A possible change in the direction of the resistance line at 68216.8 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ candle chart pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

66025.52 – 68216.8 – 68722.64 – 63030 – 64914.46 – 65113.72 —
66666.650000000 – 67210.000000000 —
67.296874030606 – 65.289434940742 —
– —
66025.52 – 1772236800

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