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

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.

The Double Top reversal pattern has been formed on #Bitcoin M15. Characteristics: the upper boundary 81710.47; the lower boundary 80939.55; the width of the pattern is 75028 points. Sell trades are better to be opened below the lower boundary 80939.55 with a possible movements towards the 80939.33 level.

The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 81670.40; the lower boundary 80939.55; the width of the pattern is 75028 points. Sell trades are better to be opened below the lower boundary 80939.55 with a possible movements towards the 80939.40 level.

The #Bitcoin M15 formed the Head and Shoulders pattern with the following features: The Head’s top is at 81323.94, the Neckline and the upward angle are at 80724.42/80799.60. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #Bitcoin will go towards 80799.38.

On the chart of the #Bitcoin M5 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 79323.25, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 122186 points.