FX.co ★ Patterns #Bitcoin | Bitcoin cryptocurrency Rate in the Forex market
#Bitcoin M15
Double Top
The Double Top pattern has been formed on #Bitcoin M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 96301.09 is broken, the downward movement will continue.
#Bitcoin M30
Bearish Rectangle
According to the chart of M30, #Bitcoin formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 94823.89 – 94823.89 and upper border 96466.68 – 96466.68. In case the lower border is broken, the instrument is likely to follow the downward trend.
#Bitcoin M15
Bearish Rectangle
According to the chart of M15, #Bitcoin formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 94823.89 – 94823.89 and upper border 96466.68 – 96466.68. In case the lower border is broken, the instrument is likely to follow 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 96466.68 - 0.00 and support 94823.89 – 94823.89. In case the resistance level 94823.89 - 94823.89 is broken, the instrument is likely to follow the bearish trend.
#Bitcoin M5
Bearish Symmetrical Triangle
According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 94912.67 is likely to encourage a continuation of the downward trend.
#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.