BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards

A bearish descent down to the next support level at 69205.91 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 71321 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Tweezers Top’ chart pattern is existing. The chart shows ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

71321 – 71777 – 68200 – 69205.91 – 68977.91 – 69266.06 —
70116.370000000 – 70565.430000000 —
49.969495032505 – 54.67656527152 —
– —
71321 – 1773248400

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – – –