BTC/USDT – 1H – SELLThere is also a ‘Head and Shoulder chart pattern’ chart pattern is detected. The chart shows ‘Head and Shoulder chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) jumps from the ascending trendline down.
A bearish trend down to the next support at 107245.000000000 is certain.
Caution: A possible change in the direction of the resistance zone at 109700.000000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
There is also a ‘Bearish Belt Hold’ candle chart pattern is found. The candles form ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110530.170000000 |
| 2nd High | 110529.180000000 |
| Next High | 109700.000000000 |
| Current Price | 107705.030000000 |
| Next Low | 107245.000000000 |
| 2nd Low | 106733.330000000 |
| 3rd Low | 106356.760000000 |
109700.000000000 – 110529.180000000 – 108789.990000000 – 107245.000000000 – 106733.330000000 – 107250.000000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Bearish Belt Hold – Head and Shoulder chart pattern