BTC/USDT – 1H – SELL

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

A bearish descent downwards to the next support level at 86306.77 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 91950 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Besides a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘Dark Cloud Cover’ candlestick chart pattern is detected. The candles form ‘Dark Cloud Cover’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Dark Cloud Cover’ heading down is 60% (Bull Market) & 63% (Bear Market).

91950 – 88224 – 89228 – 90652.55 – 90438.43 – 86306.77 — 39.815871318755 – 45.622606439848 — 31.33803562729 – 7.8635679107819 – 61.769502870094 – 33.173391120967

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Dark Cloud Cover – – –