BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) moves from the bearish trendline down.

A continuation of the downward movement down to the next support line at 73309.85 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 76240.66 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Besides a ‘Last Engulfing Top’ candlestick chart pattern is detected. The candles show ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

76240.66 – 78333 – 75534.76 – 74867.72 – 73309.85 – 73514 —
74054.220000000 – 74894.110000000 —
25.205916261677 – 47.849667436956 —
– —
76240.66 – 1776603600

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