BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support at 94256.540000000 is considered certain.

Caution: A possible change in the direction of the resistance line at 107793.070000000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 96398.39 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 107793.070000000 could happen.
Consider stop-loss settings accordingly.

And also a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

Download BTC/USDT Signal Image

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