BTC/USDT – 1H – SELL

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

A bearish descent downwards to the next support level at 78084.08 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 79199.48 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ” indicator signal is existing. The indicator shows ”. this is usually a bearish chart signal. The currency pair could go down.

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Then a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

79199.48 – 78914.12 – 76669.14 – 78084.08 – 74937.52 – 75666.6 —
78786.570000000 – 79056.590000000 —
61.520393926968 – 61.570005473356 —
– —
79199.48 – 1777755600

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