BTC/USDT – 1H – SELL

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

A bearish trend downwards to the next support at 93870.690000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 95758.040000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘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 likelyhood of ‘Bearish Engulfing’ going down is 79%.

Download BTC/USDT Signal Image

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