BTC/USDT – 30M – SELL

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

A bearish trend downwards to the next support line at 74529.4 will persist.

Caution: A possible change in the direction of the resistance line at 76240.66 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Furthermore a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

76240.66 – 75891.64 – 78333 – 74867.72 – 75445.16 – 76911 —
75992.700000000 – 75033.260000000 —
56.534092265679 – 38.065719636801 —
– —
76240.66 – 1776603600

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