BTC/USDT – 1H – SELL

The currency pair Bitcoin/Tether (BTC/USDT) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at will continue.

Caution: A possible trend reversal in the direction of resistance at 60759.99 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Additionally a ‘Shooting Star’ candle pattern is discovered. The chart shows ‘Shooting Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

60759.99 – 61962.4 – 63239.06 – 58337 – 58115.01 – 59102.7 —
60580.000000000 – 60500.000000000 —
50.776199008795 – 52.982855271732 —
– —
60759.99 – 1782457200

Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Shooting Star – – –