BTC/USDT – 1H – SELLAdditionally a ‘Double top chart pattern’ chart formation is detected. The chart shows ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Bitcoin/Tether (BTC/USDT) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 115666.680000000 is also possible.
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 is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Additionally a ‘Collapsing Doji Star’ chart pattern is existing. The candles form ‘Collapsing Doji Star’. 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 ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 118575.000000000 |
| 2nd High | 117429.050000000 |
| Next High | 115666.680000000 |
| Current Price | 112600.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
115666.680000000 – 117429.050000000 – 113525.000000000 – 114560.000000000 – 111684.790000000 – 112015.670000000 — 44.729641342024 – 20.871236248762
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Collapsing Doji Star – Double top chart pattern – –