BTC/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support line at 66280.2 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 68698.7 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 67165.265 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 68698.7 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Matching Low’ candlestick chart pattern is existing. The chart forms ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

68698.7 – 68233.99 – 68318.39 – 66280.2 – 65631.83 – 65870 —
68605.630000000 – 68062.030000000 —
52.77596223198 – 49.16170191761 —
– —
68698.7 – 1771686000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Matching Low – Double top chart pattern – –