BTC/USDT – 4H – SELL

The combination Bitcoin/Tether (BTC/USDT) moves from the bullish trendline downwards

A bearish movement downwards to the next support level at 77140.230000000 will continue.

Caution: A possible change in the direction of the resistance line at 79472.82 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Current target is 77553.89484 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 79472.82 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Last Engulfing Top’ candle pattern is found. The candles form ‘Last Engulfing Top’. this 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 success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

79472.82 – 78333 – 76038 – 77140.230000000 – 73724.31 – 73309.85 —
77454.310000000 – 78961.000000000 —
49.535496047971 – 61.4247051181 —
77140.230000000 – 1777132800 —
79472.82 – 1776873600

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –