BTC/USDT – 4H – SELL

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

A bearish descent downwards to the next support line at 65618.49 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 74050 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

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

74050 – 70096 – 69988.83 – 65618.49 – 63030 – 62510.28 —
69145.280000000 – 70173.250000000 —
51.380782522262 – 53.525212872918 —
– —
74050 – 1772640000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –