BTC/USDT – 1H – SELL

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

The bearish trend downwards to the next support at 70317 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 73913.74 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The 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%.

73913.74 – 70800 – 71321 – 70317 – 69205.91 – 68977.91 —
74330.340000000 – 73497.770000000 —
73.066279115244 – 59.487796670902 —
– —
73913.74 – 1773410400

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