FX.co ★ Actual patterns. Technical analysis and trading recommendations
实际图案
Bearish Symmetrical Triangle
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 62069.83 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -47978 pips.
Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M15; the upper boundary is 62440.00; the lower boundary is 62069.83. The width of the pattern is 40441 points. In case of a break of the upper boundary 62440.00, 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.
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Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 62436.42; the lower boundary is 62069.83. The width of the pattern is 34937 points. In case of a break of the upper boundary 62436.42, 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.
Double Bottom
The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 62535.05; the lower boundary is 62268.95. The width of the pattern is 26801 points. In case of a break of the upper boundary 62535.05, 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.
Double Top
The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 63607.43; the lower boundary 63400.12; the width of the pattern is 22141 points. Sell trades are better to be opened below the lower boundary 63400.12 with a possible movements towards the 63399.97 level.
