BTC/USDT – 30M – SELL

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

A bearish trend downwards to the next support at 79744.910000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 80776.99 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

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

Also there is a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

80776.99 – 80635.51 – 78878.77 – 79744.910000000 – 78202 – 78288.88 —
79975.830000000 – 80858.680000000 —
49.874060135382 – 67.871150277364 —
79744.910000000 – 1777937400 —
80776.99 – 1777915800

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – – –