BTC/USDT – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 66563 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 70096 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Last Engulfing Top’ chart pattern is detected. The candles show ‘Last Engulfing Top’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

70096 – 68199.99 – 68216.8 – 66158 – 65259.21 – 65056 —
67834.930000000 – 68524.540000000 —
51.565159464375 – 55.151211358212 —
– —
70096 – 1772467200

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – – –