BTC/USDT – 1H – SELL

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

A descent downwards to the next support level at 78922 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 81324.64 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

81324.64 – 82137.26 – 82479.32 – 78922 – 78754.65 – 79843.59 —
79756.980000000 – 79504.830000000 —
48.532204421371 – 46.980737281853 —
– —
81324.64 – 1778662800

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