BTC/USDT – 1H – SELL

There is also a ‘Double top chart pattern’ chart pattern is existing. The chart picture shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A descending movement downwards to the next support level at 116359.890000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 119216.820000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

119216.820000000 – 124474.000000000 – 120324.430000000 – 117180.000000000 – 118920.920000000 – 118207.470000000 — 35.034242288762 – 31.106430185359

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Double top chart pattern – –