FX.co ★ Patterns #Bitcoin | Bitcoin cryptocurrency Rate in the Forex market

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 105358.42; the resistance level 105551.46; the width of the pattern 19304 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 19310 points.

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 105347.39; the resistance level 105744.30; the width of the pattern 39691 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 39300 points.

The Triple Top pattern has formed on the chart of the #Bitcoin M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 105222.82/105606.00 with the upper limit 105755.54/105870.76; the projection of the width is 53272 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 105222.82, the price is most likely to continue the downward movement.

The Triple Top pattern has formed on the chart of the #Bitcoin M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -11522, support level -38318, and pattern’s width 53272. Forecast If the price breaks through the support level 105222.82, it is likely to move further down to 105867.10.

On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 105831.35; the lower boundary 105502.73; the width of the pattern 32862 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 105502.60 level.

The Double Top reversal pattern has been formed on #Bitcoin M30. Characteristics: the upper boundary 105283.16; the lower boundary 103816.55; the width of the pattern is 147353 points. Sell trades are better to be opened below the lower boundary 103816.55 with a possible movements towards the 103816.30 level.

The Bullish Flag pattern has been formed on the chart #Bitcoin M15 which signals that the upward trend will continue. Signals: а break of the peak at 104036.62 may push the price higher, and the rise will be the projection of the pole.

The Bullish pennant signal – Trading instrument #Bitcoin M15, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 104036.62, with the prospect of the next move being a projection of the flagpole height.

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 103494.67 – 103494.67 and upper border 103746.64 – 103746.64. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 104321.45 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -36540 pips.