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

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 63462.89/63518.05 with the upper limit 64063.57/64157.11; the projection of the width is 60068 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 63462.89, the price is most likely to continue the downward movement.

According to the chart of M15, #Bitcoin formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 64063.57, the lower border is 63462.89. The signal means that a long position should be opened above the upper border 64063.57 of the Bullish Rectangle.

The Double Top reversal pattern has been formed on #Bitcoin M15. Characteristics: the upper boundary 64063.57; the lower boundary 63462.89; the width of the pattern is 57404 points. Sell trades are better to be opened below the lower boundary 63462.89 with a possible movements towards the 63462.66 level.

The Bearish Flag pattern has been formed on the chart #Bitcoin M5. Therefore, the downwards trend is likely to continue in the nearest term. As soon as the price breaks below the low at 63250.62, traders should enter the market.

The Bearish pennant pattern has formed on the #Bitcoin M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 63250.62, a trader will be able to successfully enter the sell position.

According to the chart of D1, #Bitcoin formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 57808.25 – 57808.25 and upper border 67292.72 – 67292.72. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Triple Bottom pattern has formed on the chart of #Bitcoin M5. Features of the pattern: The lower line of the pattern has coordinates 63928.55 with the upper limit 63928.55/63779.55, the projection of the width is 34038 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 63588.17, the price is most likely to continue the upward movement.

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 64724.52 is broken, the downward movement will continue.

According to the chart of D1, #Bitcoin formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 67292.72, the lower border is 57808.25. The signal means that a short position should be opened after fixing a price below the lower border 57808.25 of the Bearish Rectangle.

According to the chart of D1, #Bitcoin formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 67292.72, the lower border is 57808.25. The signal means that a short position should be opened after fixing a price below the lower border 57808.25 of the Bearish Rectangle.