BTC/USDT – 30M – SELL

The currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 68793.35 is certain.

Caution: A possible change in the direction of the resistance level at 70695.6 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Additionally a ‘Last Engulfing Top’ chart pattern is existing. The chart shows ‘Last Engulfing Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

70695.6 – 71613.79 – 74672.34 – 68793.35 – 69478.51 – 70500 —
70586.970000000 – 70450.000000000 —
55.785103087968 – 55.370728729619 —
– —
70695.6 – 1773954000

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – – –