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

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 63327.60; the resistance level 63638.62; the width of the pattern 31102 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 34338 points.

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 64062.12; the resistance level 64245.48; the width of the pattern 18336 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 19349 points.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 63905.30 is likely to encourage a continuation of the downward trend.

According to the chart of M30, #Bitcoin formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 62765.17 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -345757 pips.

According to the chart of M15, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 62765.17/64306.65 and upper border is 66222.74/64306.65. The pattern width is measured on the chart at -345757 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 64306.43.

According to the chart of M5, #Bitcoin formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 64978.92 and support 64427.72. In case the resistance level 64978.92 - 64978.92 is broken, the instrument is likely to follow the bullish trend.

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 64264.57/63438.46 whereas the lower border goes across 62549.23/63438.46. The pattern width is measured on the chart at 171534 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 63438.46 is broken, the price could continue its move toward 63438.61.

The #Bitcoin M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 67093.99, the Neckline and the upward angle are at 66577.64/66653.29. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #Bitcoin will go towards 66653.14.

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 66913.70 and 66394.28 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 51942 pips. Outlook: If the upper border 66913.70 is broken, the price is likely to continue its move by 66653.00.

According to the chart of M15, #Bitcoin formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 65825.06 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -140095 pips.