BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline down.

A bearish movement downwards to the next support at 66158 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 73558.15 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 66158 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 73558.15 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Last Engulfing Top’ candlestick pattern is discovered. The candles form ‘Last Engulfing Top’. 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 ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

73558.15 – 74050 – 68999 – 67446.41 – 67744.78 – 67400 —
67426.520000000 – 67905.030000000 —
29.407976596436 – 51.937498127432 —
– —
73558.15 – 1772704800

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – – –