BTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 68787.34 is considered certain.

Caution: A possible change in the direction of the resistance line at 71751.33 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ” indicator layout is detected. The indicator is ”. which could be a negative chart scenario. The pair is likely to go down.

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Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘Tweezers Top’ candle pattern is existing. The candles show ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

71751.33 – 71500 – 66826.5 – 68787.34 – 68531.5 – 69718 —
70598.190000000 – 71499.990000000 —
58.260540930553 – 73.396385571604 —
– —
71751.33 – 1770418800

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – – –