BTC/USDT – 1H – BUYIn addition a ‘Head and Shoulder chart pattern’ chart pattern is found. The formation shows ‘Head and Shoulder chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.
In addition a ‘Bullish Belt Hold’ candlestick pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110530.170000000 |
| 2nd High | 110529.180000000 |
| Next High | 109700.000000000 |
| Current Price | 108262.940000000 |
| 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 – Bullish Belt Hold – Head and Shoulder chart pattern