BTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 63640.83 is certain.

Caution: A possible change in the direction of the resistance line at 64290.11 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

64290.11 – 64463.83 – 64504.11 – 63640.83 – 63702.16 – 63896.18 —
64248.000000000 – 64232.560000000 —
57.600820271223 – 58.468773306013 —
– —
64290.11 – 1783866600

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