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

According to the chart of M15, #Bitcoin formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 80500.77/80064.59 whereas the lower border goes across 79495.57/80064.59. The pattern width is measured on the chart at 100520 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 80064.59 is broken, the price could continue its move toward 80064.81.

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 80500.77 and 79495.57 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 100520 pips. Outlook: If the upper border 80500.77 is broken, the price is likely to continue its move by 80064.33.

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 79548.77 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -103734 pips.

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 80126.88 is broken, the downward movement will continue.

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 80183.74 is broken, the downward movement will continue.

According to the chart of M5, #Bitcoin produced the pattern termed the Inverse Head and Shoulder. The Head is fixed at 80724.81 while the median line of the Neck is set at 81150.90/81173.09. The formation of the Inverse Head and Shoulder Pattern clearly indicates a reversal of the downward trend. In means that in case the scenario comes true, the price of #Bitcoin will go towards 81173.24.

According to the chart of M5, #Bitcoin formed the Inverse Head and Shoulder pattern. The Head’s top is set at 80979.93 while the median line of the Neck is found at 80724.81/80859.90. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of #Bitcoin will go towards 80980.08

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 81198.86 is likely to encourage a continuation of the downward trend.

The Triple Bottom pattern has been formed on #Bitcoin M15. It has the following characteristics: resistance level 81981.00/81700.97; support level 81135.79/81294.35; the width is 84521 points. In the event of a breakdown of the resistance level of 81981.00, the price is likely to continue an upward movement at least to 81199.09.

On the chart of the #Bitcoin M15 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 80939.55, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 77092 points.