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

#Bitcoin M5

Bearish Symmetrical Triangle
According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 42887.82/43035.00 and upper border is 43189.13/43035.00. The pattern width is measured on the chart at -30131 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 43034.
2021-09-27

#Bitcoin M5

Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 43208.82 is broken. The further movements will rely on the width of the current pattern 22175 points.
2021-09-27

#Bitcoin M5

Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 43510.07 is broken. The further movements will rely on the width of the current pattern 45625 points.
2021-09-26

#Bitcoin M5

Double Top
The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 42777.57; the lower boundary 42343.07; the width of the pattern is 43675 points. Sell trades are better to be opened below the lower boundary 42343.07 with a possible movements towards the 42342.92 level.
2021-09-25

#Bitcoin M5

Double Top
On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 42785.82; the lower boundary 42306.82; the width of the pattern 47900 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 42306.67 level.
2021-09-25

#Bitcoin M30

Double Top
The Double Top reversal pattern has been formed on #Bitcoin M30. Characteristics: the upper boundary 44944.32; the lower boundary 44307.32; the width of the pattern is 65755 points. Sell trades are better to be opened below the lower boundary 44307.32 with a possible movements towards the 44307.02 level.
2021-09-24

#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 44519.07 is broken, the downward movement will continue.
2021-09-23

#Bitcoin M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of the #Bitcoin M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 43789.57/43727.57.
2021-09-23

#Bitcoin M5

Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 43727.57 is broken. The further movements will rely on the width of the current pattern 40175 points.
2021-09-23

#Bitcoin M5

Bearish Symmetrical Triangle
According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 41790.57 is likely to encourage a continuation of the downward trend.
2021-09-22