FX.co ★ Patterns #Bitcoin | Bitcoin cryptocurrency Rate in the Forex market
#Bitcoin M5
Triple Bottom
The Triple Bottom pattern has been formed on #Bitcoin M5. It has the following characteristics: resistance level 98100.99/98001.01; support level 97873.91/97833.56; the width is 22708 points. In the event of a breakdown of the resistance level of 98100.99, the price is likely to continue an upward movement at least to 97845.09.
#Bitcoin H1
Double Top
The Double Top pattern has been formed on #Bitcoin H1. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 96806.27 is broken, the downward movement will continue.
#Bitcoin M5
Bullish Rectangle
According to the chart of M5, #Bitcoin formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 98454.54, the lower border is 98073.08. The signal means that a long position should be opened above the upper border 98454.54 of the Bullish Rectangle.
#Bitcoin M5
Triple Top
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 98083.14, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 37140 points.
#Bitcoin M5
Triple Top
The Triple Top pattern has formed on the chart of the #Bitcoin M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 97720.23/97853.96 with the upper limit 98107.61/98070.48; the projection of the width is 38738 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 97720.23, the price is most likely to continue the downward movement.
#Bitcoin M5
Bearish Rectangle
According to the chart of M5, #Bitcoin formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 97371.44, the lower border is 96806.27. The signal means that a short position should be opened after fixing a price below the lower border 96806.27 of the Bearish Rectangle.
#Bitcoin M5
Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 96806.27; the resistance level 97371.44; the width of the pattern 56517 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 54184 points.
#Bitcoin M5
Triple Top
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 111, support level -14405, and pattern’s width 42877. Forecast If the price breaks through the support level 97432.24, it is likely to move further down to 97929.57.
#Bitcoin M5
Triple Top
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 -12946, support level -15230, and pattern’s width 47599. Forecast If the price breaks through the support level 96587.44, it is likely to move further down to 97145.26.
#Bitcoin M5
Triple Top
The Triple Top pattern has formed on the chart of the #Bitcoin M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 95200.42/96587.44 with the upper limit 97092.90/97145.41; the projection of the width is 189248 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 95200.42, the price is most likely to continue the downward movement.