BTC/USDT – 1H – SELL

In addition a ‘Double top chart pattern’ chart formation is detected. The chart picture forms ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

A descent downwards to the next support level at 67294.11 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 69241.5 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Bearish Engulfing’ candlestick pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency 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%.

69241.5 – 70126.67 – 69482.97 – 67294.11 – 68143.22 – 65118 —
68479.170000000 – 67409.990000000 —
45.701362626307 – 40.313130536122 —
– —
69241.5 – 1771293600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Double top chart pattern – –