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

The Double Bottom pattern has been formed on #Bitcoin M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 105930.30 is broken. The further movements will rely on the width of the current pattern 40410 points.

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 105551.21; the resistance level 105745.22; the width of the pattern 19401 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 21902 points.

The Double Top reversal pattern has been formed on #Bitcoin M15. Characteristics: the upper boundary 106299.16; the lower boundary 105969.75; the width of the pattern is 31259 points. Sell trades are better to be opened below the lower boundary 105969.75 with a possible movements towards the 105969.50 level.

The Triple Top pattern has formed on the chart of the #Bitcoin M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 105969.75/106170.87 with the upper limit 106299.16/106282.34; the projection of the width is 32941 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 105969.75, the price is most likely to continue the downward movement.

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 105358.42; the resistance level 105551.46; the width of the pattern 19304 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 19310 points.