BTC/USDT – 4H – SELLAdditionally a ‘Double top chart pattern’ chart layout is found. The chart picture shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Bitcoin/Tether (BTC/USDT) moves from the bullish trendline down.
A bearish descent down to the next support line at 104179.000000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 110530.170000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Additionally a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 111980.000000000 |
| 2nd High | 110718.000000000 |
| Next High | 110530.170000000 |
| Current Price | 103266.100000000 |
| Next Low | 104179.000000000 |
| 2nd Low | 103659.880000000 |
| 3rd Low | 103068.550000000 |
110530.170000000 – 106794.670000000 – 110718.000000000 – 104179.000000000 – 103659.880000000 – 103068.550000000
Trading Signals: FOREX – BTC – BTC/USDT – USDT – Three Black Crows