BTC/USDT – 1H – SELL

The combination Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.

The bearish trend down to the next support line at 78202 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 84621.16 could happen.
Consider stop-loss settings accordingly.

Then a ” indicator signal is detected. The indicator shows ”. this is usually a bearish chart signal. The currency pair is likely to fall.

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Then a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

80635.51 – 79199.48 – 78914.12 – 78202 – 78288.88 – 78084.08 —
81136.590000000 – 81500.000000000 —
64.743424959651 – 68.752550962352 —
– —
80635.51 – 1777867200

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