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

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.

According to the chart of M30, #Bitcoin formed the Head and Shoulders pattern. The Head’s top is set at 67280.60 while the median line of the Neck is found at 66148.98/66216.92. 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 66216.62.

According to the chart of M5, #Bitcoin formed the Head and Shoulders pattern. The Head’s top is set at 67228.08 while the median line of the Neck is found at 66738.19/66812.76. 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 66812.61.

According to the chart of M30, #Bitcoin formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 66547.80 and support 65665.85. In case the resistance level 66547.80 - 66547.80 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M15, #Bitcoin formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 65665.85 – 65665.85 and upper border 66547.80 – 66547.80. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top pattern has been formed on #Bitcoin M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 65665.85 is broken, the downward movement will continue.

The Double Top pattern has been formed on #Bitcoin M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 65665.85 is broken, the downward movement will continue.

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 64584.06/64880.26 with the upper limit 65169.23/65179.28; the projection of the width is 58517 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 64584.06, the price is most likely to continue the downward movement.