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

The Double Top pattern has been formed on #Bitcoin M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 61110.51 is broken, the downward movement will continue.

The Triple Top pattern has formed on the chart of the #Bitcoin M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 62372.82/62544.19 with the upper limit 63268.94/63204.16; the projection of the width is 89612 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 62372.82, the price is most likely to continue the downward movement.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #Bitcoin H1. Forecast: if the price breaks above the pattern high at 63460.11, then traders will be able to place a long deal with the target at 63460.51.

The Bullish pennant signal – Trading instrument #Bitcoin H1, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 63460.11, with the prospect of the next move being a projection of the flagpole height.

The Double Top reversal pattern has been formed on #Bitcoin M15. Characteristics: the upper boundary 61098.92; the lower boundary 60704.80; the width of the pattern is 37481 points. Sell trades are better to be opened below the lower boundary 60704.80 with a possible movements towards the 60704.57 level.

The Double Bottom pattern has been formed on #Bitcoin M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 60471.16 is broken. The further movements will rely on the width of the current pattern 29571 points.

The Double Bottom pattern has been formed on #Bitcoin M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 63483.56 is broken. The further movements will rely on the width of the current pattern 68693 points.

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 60604.58 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -108813 pips.

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 61734.07 and 61376.89 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 35718 pips. Outlook: If the upper border 61734.07 is broken, the price is likely to continue its move by 61583.60.

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 62069.83 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -47978 pips.