BTC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 88578.36 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 91224.99 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘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 – – –