BTC/USDT – 1H – SELL

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

A descending movement downwards to the next support at 90128.44 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 97924.49 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair could go up.

And also a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

97924.49 – 96495 – 92332 – 95777 – 90128.44 – 90236 — 55.321295092598 – 53.296077732038 — 35.106071854401 – 48.777305347461 – 37.80572285866 – 40.076261362394

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Head and Shoulder chart pattern – –