2019-09-21 Double Bottom #Bitcoin M5

The Double Bottom pattern has been formed on #Bitcoin M5. Characteristics: the support level 9896.49; the resistance level 9964.18; the width of the pattern 6769 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 6876 points.

2019-09-21 Bullish symmetrical triangle #Bitcoin M5

According to the chart of M5, #Bitcoin formed the Bullish symmetrical triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 9893.98/9958.66 whereas the lower border goes across 10037.55/9958.66. The pattern width is measured on the chart at -14357 pips. If the Bullish symmetrical triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 9958.66 is broken, the price could continue its move toward 9958.

2019-09-21 Triple Bottom #Bitcoin M5

The Triple Bottom pattern has formed on the chart of #Bitcoin M5. Features of the pattern: The lower line of the pattern has coordinates 10057.58 with the upper limit 10057.58/10054.03, the projection of the width is 3423 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 10023.35, the price is most likely to continue the upward movement.

2019-09-21 Bearish Symmetrical Triangle #Bitcoin M5

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 10122.69/10096.54 and upper border is 10071.23/10096.54. The pattern width is measured on the chart at 5146 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 10096.