BTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 77885.35 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

77885.35 – 77711.87 – 78479.37 – 77140.23 – 77450 – 77264.08 —
77530.000000000 – 77592.840000000 —
51.954136127139 – 49.637296779042 —
– —
77885.35 – 1777113000

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