BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 88578.36 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 91224.99 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.

Additionally a ‘Bearish Engulfing’ chart pattern is discovered. 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 probability of ‘Bearish Engulfing’ going down is 79%.

91224.99 – 90088.94 – 90340 – 88578.36 – 88515.37 – 87263.53 —
89595.410000000 – 89395.230000000 —
47.169908247894 – 43.599918391637 —
– —
91224.99000 – 1769187600

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