BTC/USDT – 1H – SELL

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

A bearish movement down to the next support at 88722.000000000 is certain.

Caution: A possible change in the direction of the resistance zone at 91449.990000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

Download BTC/USDT Signal Image

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