signal strength 1 of 5
According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 81505.64/82241.48 and upper border is 82843.91/82241.48. The pattern width is measured on the chart at -133827 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 82241.33.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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The Double Top reversal pattern has been formed on #Bitcoin M5. Characteristics: the upper boundary 94348.84; the lower boundary 94140.31; the width of the pattern is 21661 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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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
The M5 and M15 time frames may have more false entry points.
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The Double Top pattern has been formed on AUDUSD M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.6399
The M5 and M15 time frames may have more false entry points.
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