FX.co ★ Patterns #Bitcoin | Bitcoin cryptocurrency Rate in the Forex market

The Double Top reversal pattern has been formed on #Bitcoin M15. Characteristics: the upper boundary 61098.92; the lower boundary 60704.80; the width of the pattern is 37481 points. Sell trades are better to be opened below the lower boundary 60704.80 with a possible movements towards the 60704.57 level.

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 60471.16 is broken. The further movements will rely on the width of the current pattern 29571 points.

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 63483.56 is broken. The further movements will rely on the width of the current pattern 68693 points.

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 60604.58 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -108813 pips.

According to the chart of M5, #Bitcoin formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 61734.07 and 61376.89 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 35718 pips. Outlook: If the upper border 61734.07 is broken, the price is likely to continue its move by 61583.60.

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.

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.

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.

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.

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.