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

The Bullish Symmetrical Triangle pattern has formed on the #Bitcoin M15 chart. Its lower boundary passes through 62974.62/63072.09, while its upper boundary passes through 63156.91/63072.09. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, #Bitcoin is expected to break the upper boundary and move toward 63072.32.

The Bullish Rectangle has formed on the #Bitcoin M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 63107.48 and its support is at 63040.45. A breakout above the resistance zone at 63107.48–63107.48 is likely to signal a continuation of the bullish trend.

The Bearish Pennant pattern has formed on the #Bitcoin M5 chart. A break below the pennant low at 63126.18 would signal a likely continuation of the downtrend. A Sell Stop order may be placed 10 points below the pattern low, with Take Profit set at a distance equal to the height of the flagpole.

The Double Bottom pattern has formed on the #Bitcoin M5 chart. Its support is at 63261.35, its resistance is at 63459.85, and its width is 19850 points. A break above resistance may confirm a trend reversal, with the first target projected 19188 points away.

The Double Bottom pattern has formed on the #Bitcoin M5 chart. Its support is at 63560.32, its resistance is at 63807.34, and its width is 24702 points. A break above resistance may confirm a trend reversal, with the first target projected 23945 points away.