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

#Bitcoin M5

Bullish Rectangle
According to the chart of M5, #Bitcoin formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 19085.81, the lower border is 19001.80. The signal means that a long position should be opened above the upper border 19085.81 of the Bullish Rectangle.
2020-12-05

#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 18636.26 is likely to encourage a continuation of the downward trend.
2020-12-04

#Bitcoin M15

Double Top
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 19114.75 is broken, the downward movement will continue.
2020-12-03

#Bitcoin M5

Bullish Symmetrical Triangle
According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 19250.17 and 18866.95 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 38322 pips. Outlook: If the upper border 19250.17 is broken, the price is likely to continue its move by 19036.12 pips.
2020-12-03

#Bitcoin M30

Triple Top
The Triple Top pattern has formed on the chart of the #Bitcoin M30 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -5227, support level -40991, and pattern’s width 89409. Forecast If the price breaks through the support level 18303.81, it is likely to move further down to 19294.39.
2020-12-03

#Bitcoin M5

Triple Top
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 19014.05/19051.03 with the upper limit 19117.09/19135.61; the projection of the width is 10304 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 19014.05, the price is most likely to continue the downward movement.
2020-12-02

#Bitcoin M5

Triple Top
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 18938.10/19014.05 with the upper limit 19099.59/19119.35; the projection of the width is 16149 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 18938.10, the price is most likely to continue the downward movement.
2020-12-02

#Bitcoin M5

Double Top
The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 19294.69; the lower boundary 19110.50; the width of the pattern is 17419 points. Sell trades are better to be opened below the lower boundary 19110.50 with a possible movements towards the 19110.35 level.
2020-12-02

#Bitcoin M15

Bullish Symmetrical Triangle
According to the chart of M15, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 17983.72/18892.52 whereas the upper border goes across 19891.80/18892.52. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #Bitcoin will breach the upper border to head for 18892.74.
2020-12-01

#Bitcoin M5

Bullish Symmetrical Triangle
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 19891.80/18885.47 whereas the lower border goes across 18009.51/18885.47. The pattern width is measured on the chart at 188229 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 18885.47 is broken, the price could continue its move toward 18885.
2020-12-01