BTC/USDT – 30M – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 78619.74 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 78878.77 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency 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%.

78878.77 – 79199.48 – 78596.61 – 78558.650000000 – 78084.08 – 78094.43 —
78795.050000000 – 79268.000000000 —
59.931619607582 – 66.884530704913 —
78558.650000000 – 1777827600 —
78878.77 – 1777809600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –