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

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 105631.72 and 105322.26 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 30946 pips. Outlook: If the upper border 105631.72 is broken, the price is likely to continue its move by 105483.90.

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 1384, support level -6448, and pattern’s width 20670. Forecast If the price breaks through the support level 105231.35, it is likely to move further down to 105430.10.

On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 105430.30; the lower boundary 105231.35; the width of the pattern 19895 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 105231.20 level.

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 104299.16; the resistance level 104939.96; the width of the pattern 64080 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 63480 points.

The Double Bottom pattern has been formed on #Bitcoin M15. Characteristics: the support level 104607.76; the resistance level 106173.71; the width of the pattern 156595 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 149629 points.