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

According to the chart of M15, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 62671.05 is likely to encourage a continuation of the downward trend.

According to the chart of M15, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 62671.05/63736.31 and upper border is 64480.61/63736.31. The pattern width is measured on the chart at -180956 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 63736.09.

On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 64233.65; the lower boundary 63894.43; the width of the pattern 33922 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 63894.28 level.

On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 63467.97; the lower boundary 62994.81; the width of the pattern 47316 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 62994.66 level.

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 62594.53 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -41591 pips.

The Triple Bottom pattern has formed on the chart of the #Bitcoin M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 63106.35/62945.87.

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 62597.03; the resistance level 62820.60; the width of the pattern 22357 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 22607 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 63092.00/63157.15 with the upper limit 63439.56/63448.99; the projection of the width is 34756 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 63092.00, the price is most likely to continue the downward movement.

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 63092.00, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 34756 points.

According to the chart of M30, #Bitcoin formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 62750.91/62547.60 whereas the lower border goes across 62298.56/62547.60. The pattern width is measured on the chart at 45235 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 62547.60 is broken, the price could continue its move toward 62547.90.