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

The Bearish pennant pattern has formed on the #Bitcoin M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 98379.62, a trader will be able to successfully enter the sell position.

According to the chart of M15, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 98355.22/98710.21 and upper border is 99015.22/98710.21. The pattern width is measured on the chart at -66000 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 98709.98.

The Triple Bottom pattern has formed on the chart of the #Bitcoin M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 98849.18/98842.93.

The Double Bottom pattern has been formed on #Bitcoin M5; the upper boundary is 98571.13; the lower boundary is 98407.73. The width of the pattern is 17175 points. In case of a break of the upper boundary 98571.13, 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 98842.93; the lower boundary 98626.49; the width of the pattern 21644 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 98626.34 level.