BTC/USDT – 1H – BUYThere is also a ‘Head and Shoulder chart pattern’ chart formation is existing. The formation shows ‘Head and Shoulder chart pattern’. this is a bearish chart scenario. The pair is likely to go down.
The combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 109700.000000000 will continue.
Caution: A possible trend reversal in the direction of support at 107245.000000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.
There is also a ‘Bearish SBS White Lines’ candle chart pattern is existing. The chart forms ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110530.170000000 |
| 2nd High | 110529.180000000 |
| Next High | 109700.000000000 |
| Current Price | 107901.520000000 |
| 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 SBS White Lines – Head and Shoulder chart pattern