BTC/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 67360.66 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 71734.81 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

Furthermore a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

71734.81 – 71100.94 – 70923.75 – 67360.66 – 68228.5 – 69388 —
71246.010000000 – 70698.000000000 —
59.604039930044 – 54.932457714855 —
– —
71734.81 – 1774275300

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