BTC/USDT – 30M – SELL

The combination Bitcoin/Tether (BTC/USDT) moves from the ascending trendline down.

The bearish trend down to the next support at 80527.76 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 81712.32 should always be considered.
Consider stop-loss settings accordingly.

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

In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

In addition a ‘Last Engulfing Bottom:’ candlestick pattern is detected. The chart shows ‘Last Engulfing Bottom:’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

81712.32 – 81323.52 – 80776.99 – 80527.76 – 79744.91 – 78202 —
81420.000000000 – 81770.000000000 —
57.721028224413 – 61.610305979627 —
– —
81712.32 – 1777986000

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