BTC/USDT – 30M – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support level at 114121.000000000 will continue.

Caution: A possible counter-trend in the direction of resistance at 115340.000000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. which is often a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish 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%.

115340.000000000 – 115720.000000000 – 115000.000000000 – 114121.000000000 – 114148.580000000 – 113579.690000000 — 55.71240987996 – 53.795334939047

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