FX.co ★ Actual patterns. Technical analysis and trading recommendations

On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 97729.11; the lower boundary 97359.35; the width of the pattern 36976 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 97359.20 level.

The Double Top pattern has been formed on #Bitcoin M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 97359.35 is broken, the downward movement will continue.

The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 94797.10; the lower boundary 93848.84; the width of the pattern is 91988 points. Sell trades are better to be opened below the lower boundary 93848.84 with a possible movements towards the 93848.69 level.

The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 93925.50; the lower boundary 93166.54; the width of the pattern is 81951 points. Sell trades are better to be opened below the lower boundary 93166.54 with a possible movements towards the 93166.39 level.

The Triple Top pattern has formed on the chart of the #Bitcoin M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -6495, support level -101347, and pattern’s width 177109. Forecast If the price breaks through the support level 90279.27, it is likely to move further down to 91887.91.

On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 92050.36; the lower boundary 90999.29; the width of the pattern 105107 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 90999.14 level.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 89423.30 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -192869 pips.

On the chart of the #Bitcoin M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 91502.21, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 91285 points.

According to the chart of M30, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 89948.90/90921.83 whereas the upper border goes across 91650.25/90921.83. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #Bitcoin will breach the upper border to head for 90922.13.

The Double Bottom pattern has been formed on #Bitcoin M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 91849.96 is broken. The further movements will rely on the width of the current pattern 74232 points.