FX.co ★ Modèles réels. Analyse technique et recommandations de trading

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 63892.99 is broken, the downward movement will continue.

The Bearish pennant pattern has formed on the #Bitcoin M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 64600.75; the projection of the flagpole height is equal to 52568 pips. In case the price breaks out the pattern’s bottom of 64600.75, the downtrend is expected to continue for further level 64600.60.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 63271.90 is likely to encourage a continuation of the downward trend.

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 63271.90 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -184437 pips.

According to the chart of M30, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 64588.18 and 63826.66 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 76152 pips. Outlook: If the upper border 64588.18 is broken, the price is likely to continue its move by 64183.82.

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 64588.18/64175.55 whereas the lower border goes across 63831.85/64175.55. The pattern width is measured on the chart at 75633 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 64175.55 is broken, the price could continue its move toward 64175.77.

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 63951.36/64098.19 and upper border is 64240.38/64098.19. The pattern width is measured on the chart at -28902 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 64098.04.

The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 64588.18; the lower boundary is 64224.95. The width of the pattern is 36937 points. In case of a break of the upper boundary 64588.18, 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.

On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 63799.59; the lower boundary 63591.71; the width of the pattern 20788 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 63591.56 level.

According to the chart of M30, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 65360.39 is likely to encourage a continuation of the downward trend.