FX.co ★ Patterns #Bitcoin | Bitcoin cryptocurrency Rate in the Forex market
#Bitcoin M15
Bearish Symmetrical Triangle
According to the chart of M15, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 95528.76 is likely to encourage a continuation of the downward trend.
#Bitcoin M30
Bearish Rectangle
According to the chart of M30, #Bitcoin formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 96456.78 - 0.00 and support 95805.26 – 95805.26. In case the resistance level 95805.26 - 95805.26 is broken, the instrument is likely to follow the bearish trend.
#Bitcoin M15
Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M15. 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 96350.17 is broken. The further movements will rely on the width of the current pattern 26191 points.
#Bitcoin M30
Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M30; the upper boundary is 97860.25; the lower boundary is 96258.44. The width of the pattern is 156618 points. In case of a break of the upper boundary 97860.25, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
#Bitcoin M5
Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 96467.62; the lower boundary is 96258.44. The width of the pattern is 20692 points. In case of a break of the upper boundary 96467.62, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
#Bitcoin M5
Head and Shoulders
The technical pattern called Head and Shoulders has appeared on the chart of #Bitcoin M5. There are weighty reasons to suggest that the price will surpass the Neckline 96714.23/96704.41 after the right shoulder has been formed. So, the trend is set to change with the price heading for 96704.26.
#Bitcoin M5
Double Bottom
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 96824.92 is broken. The further movements will rely on the width of the current pattern 58068 points.
#Bitcoin M5
Double Bottom
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 96903.54 is broken. The further movements will rely on the width of the current pattern 51403 points.
#Bitcoin M5
Double Top
The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 96351.95; the lower boundary 95781.93; the width of the pattern is 56120 points. Sell trades are better to be opened below the lower boundary 95781.93 with a possible movements towards the 95781.78 level.
#Bitcoin M15
Bullish Symmetrical Triangle
According to the chart of M15, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 92482.78/94081.93 whereas the upper border goes across 95186.64/94081.93. 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 94082.16.