BTC/USDT – 30M – SELL

The pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.

A bearish descent downwards to the next support line at 63418.66 is certain.

Caution: A possible change in the direction of the resistance line at 64762.77 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Last Engulfing Top’ candle chart pattern is discovered. The candles form ‘Last Engulfing Top’. this is a bearish pattern signal. The pair is likely to go down. 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).

64762.77 – 64350 – 63840 – 63418.66 – 63400 – 63045.29 —
64636.000000000 – 64411.200000000 —
62.584214476555 – 49.139470261752 —
– —
64762.77 – 1781386200

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