BTC/USDT – 30M – SELL

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

A descent downwards to the next support line at 76586.94 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 77905.52 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

77905.52 – 77699.97 – 77543.15 – 76586.94 – 76475.59 – 76108 —
77143.230000000 – 76572.010000000 —
53.820285182315 – 43.120468438386 —
– —
77905.52 – 1779721200

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –