logo

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

#Bitcoin M30

Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M30. 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 56402.80 is broken. The further movements will rely on the width of the current pattern 117049 points.
2021-05-07

#Bitcoin M15

Head and Shoulders
According to the chart of M15, #Bitcoin formed the Head and Shoulders pattern. The Head’s top is set at 58282.80 while the median line of the Neck is found at 56791.80/56799.30. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #Bitcoin will go towards 56799.07.
2021-05-06

#Bitcoin M5

Bearish Symmetrical Triangle
According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 56592.80/56908.77 and upper border is 57310.44/56908.77. The pattern width is measured on the chart at -71764 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 56908.
2021-05-06

#Bitcoin M5

Bullish Rectangle
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 55039.31 – 55039.31 and upper border 55487.80 – 55487.80. In case the upper border is broken, the instrument is likely to follow the upward trend.
2021-05-05

#Bitcoin M5

Double Top
On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 54622.81; the lower boundary 54203.81; the width of the pattern 41900 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 54203.66 level.
2021-05-04

#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 55789.30, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 35050 points.
2021-05-04

#Bitcoin H1

Bullish Symmetrical Triangle
According to the chart of H1, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 57918.80 and 55400.78 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 251802 pips. Outlook: If the upper border 57918.80 is broken, the price is likely to continue its move by 56672.46 pips.
2021-05-02

#Bitcoin M15

Bearish Symmetrical Triangle
According to the chart of M15, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 55990.80 is likely to encourage a continuation of the downward trend.
2021-05-02

#Bitcoin M5

Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 57415.18; the lower boundary is 57210.80. The width of the pattern is 19438 points. In case of a break of the upper boundary 57415.18, 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.
2021-05-02

#Bitcoin H1

Double Top
On the chart of #Bitcoin H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 57918.80; the lower boundary 56940.81; the width of the pattern 97799 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 56940.41 level.
2021-05-01