BTC/USDT – 1H – SELL

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

A bearish movement down to the next support level at 62829.81 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 64394.44 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

64394.44 – 63933.02 – 62857.99 – 62829.81 – 62348 – 60755 —
64296.600000000 – 64545.400000000 —
61.505798332746 – 65.279339985892 —
– —
64394.44 – 1781276400

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Three Outside Down – – –