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

The Triple Bottom pattern has formed on the chart of #Bitcoin M5. Features of the pattern: The lower line of the pattern has coordinates 92871.00 with the upper limit 92871.00/92637.22, the projection of the width is 53497 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 92336.03, the price is most likely to continue the upward movement.

The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 93600.13; the lower boundary is 92988.03. The width of the pattern is 58107 points. In case of a break of the upper boundary 93600.13, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 91900.13 is likely to encourage a continuation of the downward trend.

On the chart of the #Bitcoin M30 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 92557.35, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 149255 points.

The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 93737.29; the lower boundary is 93280.25. The width of the pattern is 45284 points. In case of a break of the upper boundary 93737.29, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Bullish pennant signal – Trading instrument #Bitcoin M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 93868.36, with the prospect of the next move being a projection of the flagpole height.

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 92581.54/93324.30 with the upper limit 94049.90/93865.04; the projection of the width is 146836 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 92581.54, the price is most likely to continue the downward movement.

On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 91658.42; the lower boundary 91095.99; the width of the pattern 56243 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 91095.84 level.

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 88419.31/87233.62 whereas the lower border goes across 85751.59/87233.62. The pattern width is measured on the chart at 266772 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 87233.62 is broken, the price could continue its move toward 87233.77.

According to the chart of M15, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 87754.54 and 86429.29 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 132525 pips. Outlook: If the upper border 87754.54 is broken, the price is likely to continue its move by 87116.24.