BTC/USDT – 1H – SELL

The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards

A bearish descent downwards to the next support level at 65360.92 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 66992 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bullish chart signal. The currency pair is likely to rise.

And also a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair is likely to rise.

And also a ‘Last Engulfing Bottom:’ candle pattern is detected. The chart forms ‘Last Engulfing Bottom:’. which is a negative 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 ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

66992 – 67292.15 – 64762.77 – 65360.92 – 65650 – 63678.83 —
65865.920000000 – 65904.000000000 —
46.462169208279 – 47.523459885262 —
– —
66992 – 1781598900

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