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

#Bitcoin M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of #Bitcoin M5. Features of the pattern: The lower line of the pattern has coordinates 21221.73 with the upper limit 21221.73/21072.83, the projection of the width is 25850 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 20963.23, the price is most likely to continue the upward movement.
2022-06-27

#Bitcoin M5

Double Top
On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 21395.53; the lower boundary 21318.50; the width of the pattern 7703 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 21318.35 level.
2022-06-26

#Bitcoin M15

Double Top
On the chart of #Bitcoin M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 21570.78; the lower boundary 20893.93; the width of the pattern 67685 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 20893.71 level.
2022-06-26

#Bitcoin M5

Bullish Symmetrical Triangle
According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 21375.01/21441.24 whereas the upper border goes across 21504.93/21441.24. 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 21441.39.
2022-06-25

#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 21152.88 is broken. The further movements will rely on the width of the current pattern 8210 points.
2022-06-25

#Bitcoin M5

Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 21280.73; the lower boundary is 21116.63. The width of the pattern is 15550 points. In case of a break of the upper boundary 21280.73, 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.
2022-06-25

#Bitcoin M5

Head and Shoulders
The #Bitcoin M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 21437.68, the Neckline and the upward angle are at 21085.23/21135.88. 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 21135.73.
2022-06-24

#Bitcoin M15

Head and Shoulders
The #Bitcoin M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 21356.18, the Neckline and the upward angle are at 20957.83/20965.53. 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 20965.30.
2022-06-24

#Bitcoin M15

Double Top
On the chart of #Bitcoin M15 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 20797.03; the lower boundary 20557.63; the width of the pattern 23940 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 20557.40 level.
2022-06-23

#Bitcoin M5

Double Top
On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 20625.13; the lower boundary 20425.13; the width of the pattern 20000 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 20424.98 level.
2022-06-23