BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support at 77140.23 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 77885.35 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Three Inside Down’ candlestick pattern is detected. The candles form ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

77885.35 – 78479.37 – 78581.93 – 77140.23 – 77264.08 – 76960 —
78121.450000000 – 78173.150000000 —
65.378830279726 – 60.302197882354 —
– —
77885.35 – 1777111200

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Inside Down – – –