BTC/USDT – 4H – SELL

The pair Bitcoin/Tether (BTC/USDT) jumps from the bullish trendline downwards

A descent down to the next support line at 73309.85 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 76038 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Bearish Engulfing’ candle chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

76038 – 73790 – 69310 – 73309.85 – 70505.88 – 65712.12 —
75089.510000000 – 77048.000000000 —
59.655746418622 – 56.847011021448 —
– —
76038 – 1776168000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –