FX.co ★ Patterns #Bitcoin | Taux de change du Bitcoin sur le marché Forex

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 86339.47 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 87112.77; the resistance level 87627.18; the width of the pattern 51441 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 54686 points.

According to the chart of M15, #Bitcoin formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 87534.22 – 87534.22 and upper border 88285.10 – 88285.10. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on #Bitcoin M30. 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 86847.43 is broken. The further movements will rely on the width of the current pattern 58362 points.

The #Bitcoin M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 88742.88, the Neckline and the upward angle are at 87100.22/87010.53. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #Bitcoin will go towards 87010.30.

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 85375.58/85027.71 whereas the lower border goes across 84707.51/85027.71. The pattern width is measured on the chart at 66807 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 85027.71 is broken, the price could continue its move toward 85027.86.

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 83931.70; the resistance level 84051.13; the width of the pattern 11943 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 10667 points.

According to the chart of M15, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 83121.29/83823.64 and upper border is 84297.08/83823.64. The pattern width is measured on the chart at -117579 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #Bitcoin breaches the lower border, the price could continue its move toward 83823.41.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 83121.29/83823.80 and upper border is 84301.87/83823.80. The pattern width is measured on the chart at -118058 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #Bitcoin breaches the lower border, the price could continue its move toward 83823.65.

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 84120.12 is broken. The further movements will rely on the width of the current pattern 44093 points.