BTC/USDT – 1H – SELL

The pair Bitcoin/Tether (BTC/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 88578.36 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 91224.99 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

Also there is a ‘Bearish Engulfing’ candlestick pattern is detected. The chart shows ‘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 chance of ‘Bearish Engulfing’ heading 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 – – –