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

#Bitcoin H1

Triple Top
On the chart of the #Bitcoin H1 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 39281.31, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 163850 points.
2021-06-15

#Bitcoin H1

Bullish Symmetrical Triangle
According to the chart of H1, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 40919.81 and 39206.13 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 171368 pips. Outlook: If the upper border 40919.81 is broken, the price is likely to continue its move by 39981.10 pips.
2021-06-15

#Bitcoin M5

Double Top
The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 40525.81; the lower boundary 40233.81; the width of the pattern is 27100 points. Sell trades are better to be opened below the lower boundary 40233.81 with a possible movements towards the 40233.66 level.
2021-06-15

#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 39716.81 is broken. The further movements will rely on the width of the current pattern 99399 points.
2021-06-14

#Bitcoin M5

Bullish pennant
The Bullish pennant graphic pattern has formed on the #Bitcoin M5 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 37198.62.
2021-06-13

#Bitcoin M30

Double Top
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 34741.81 is broken, the downward movement will continue.
2021-06-13

#Bitcoin M15

Bullish Rectangle
According to the chart of M15, #Bitcoin formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 36111.81 and support 35724.31. In case the resistance level 36111.81 - 36111.81 is broken, the instrument is likely to follow the bullish trend.
2021-06-13

#Bitcoin M5

Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 35498.81; the lower boundary is 35282.81. The width of the pattern is 19449 points. In case of a break of the upper boundary 35498.81, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
2021-06-12

#Bitcoin M5

Triple Top
The Triple Top pattern has formed on the chart of the #Bitcoin M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level -7400, support level -51700, and pattern’s width 98400. Forecast If the price breaks through the support level 36333.81, it is likely to move further down to 37252.66.
2021-06-11

#Bitcoin M5

Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 36355.82; the lower boundary is 35888.32. The width of the pattern is 47450 points. In case of a break of the upper boundary 36355.82, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
2021-06-11