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

#Bitcoin M5

Double Top
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 19390.58 is broken, the downward movement will continue.
2022-10-03

#Bitcoin M5

Head and Shoulders
According to the chart of M5, #Bitcoin formed the Head and Shoulders pattern. The Head’s top is set at 19300.13 while the median line of the Neck is found at 19153.48/19166.23. 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 19166.08.
2022-10-03

#Bitcoin M30

Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M30. Characteristics: the support level 19159.43; the resistance level 20169.63; the width of the pattern 101020 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 99740 points.
2022-10-01

#Bitcoin M5

Double Top
The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 19637.53; the lower boundary 19533.83; the width of the pattern is 9720 points. Sell trades are better to be opened below the lower boundary 19533.83 with a possible movements towards the 19533.68 level.
2022-09-30

#Bitcoin M5

Double Top
The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 19535.33; the lower boundary 19422.33; the width of the pattern is 11335 points. Sell trades are better to be opened below the lower boundary 19422.33 with a possible movements towards the 19422.18 level.
2022-09-29

#Bitcoin M5

Bullish Flag
The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #Bitcoin M5. Forecast: if the price breaks above the pattern high at 19530.68, then traders will be able to place a long deal with the target at 19530.83.
2022-09-28

#Bitcoin M5

Bullish pennant
The Bullish pennant pattern is formed on the #Bitcoin M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 19530.68, a further uptrend is possible.
2022-09-28

#Bitcoin M5

Bearish Symmetrical Triangle
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 18959.28 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -12541 pips.
2022-09-27

#Bitcoin M15

Triple Top
On the chart of the #Bitcoin M15 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 19963.93, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 30820 points.
2022-09-27

#Bitcoin M5

Double Top
On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 19222.33; the lower boundary 19124.98; the width of the pattern 9735 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 19124.83 level.
2022-09-26