BTC/USDT – 1H – SELLAnd also a ‘Head and Shoulder chart pattern’ chart formation is found. The chart picture forms ‘Head and Shoulder chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) goes from the ascending trendline downwards
A bearish trend down to the next support line at 107245.000000000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 109700.000000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Harami’ candlestick chart pattern is detected. The chart forms ‘Bearish Harami’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110530.170000000 |
| 2nd High | 110529.180000000 |
| Next High | 109700.000000000 |
| Current Price | 108263.830000000 |
| 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 Harami – Head and Shoulder chart pattern