FX.co ★ Actual patterns. Technical analysis and trading recommendations

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 66650.37 is broken, the downward movement will continue.

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 65184.21 is broken. The further movements will rely on the width of the current pattern 14321 points.

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 63765.06 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -64682 pips.

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 65108.77/64730.05 whereas the lower border goes across 64367.93/64730.05. The pattern width is measured on the chart at 74084 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 64730.05 is broken, the price could continue its move toward 64730.20.

On the chart of #Bitcoin H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 64967.61; the lower boundary 62533.19; the width of the pattern 243442 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 62532.79 level.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 63885.97 is likely to encourage a continuation of the downward trend.

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 64013.56 is broken. The further movements will rely on the width of the current pattern 11867 points.

According to the chart of M5, #Bitcoin formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 63883.57 – 63883.57 and upper border 64013.56 – 64013.56. In case the lower border is broken, the instrument is likely to follow the downward trend.

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 63708.84.

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 64887.68/65260.08 with the upper limit 65569.08/65600.44; the projection of the width is 68140 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 64887.68, the price is most likely to continue the downward movement.