BTC/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 60000 is likely expected.

Caution: A possible change in the direction of the resistance zone at 76971.52 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

76971.52 – 79360 – 84621.16 – 60000 – 72945.5 – 77644.09 —
66163.000000000 – 70224.620000000 —
45.579702985051 – 64.208420266767 —
– —
76971.52 – 1770174000

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