BTC/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 63184.21 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 64588 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

64588 – 64388 – 66445.93 – 63184.21 – 62316.44 – 62272.07 —
64303.470000000 – 64154.000000000 —
56.948500013931 – 52.855444978299 —
– —
64588 – 1782014400

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