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

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 85289.02/84955.46 whereas the lower border goes across 84612.93/84955.46. The pattern width is measured on the chart at 67609 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 84955.46 is broken, the price could continue its move toward 84955.61.

According to the chart of M5, #Bitcoin formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 81857.61 – 81857.61 and upper border 82250.14 – 82250.14. 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 82275.64 is broken. The further movements will rely on the width of the current pattern 104454 points.

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 82275.64 is broken. The further movements will rely on the width of the current pattern 104454 points.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 81505.64/82241.48 and upper border is 82843.91/82241.48. The pattern width is measured on the chart at -133827 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 82241.33.

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 83229.64 is broken. The further movements will rely on the width of the current pattern 28940 points.

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 83117.65 is broken. The further movements will rely on the width of the current pattern 19331 points.

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 82818.73, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 46117 points.

The Triple Top pattern has formed on the chart of the #Bitcoin M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 50, support level -21012, and pattern’s width 47477. Forecast If the price breaks through the support level 82165.38, it is likely to move further down to 82748.85.

According to the chart of M15, #Bitcoin produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 81609.29 while the median line of the Neck is set at 82839.07/82640.15. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #Bitcoin will go towards 82640.38.