signal strength 4 of 5
The Double Bottom pattern has been formed on #Bitcoin H1. 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 103355.86 is broken. The further movements will rely on the width of the current pattern 131679 points.
See Also
- All
- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
- All
- #AAPL
- #AMZN
- #Bitcoin
- #EBAY
- #FB
- #GOOG
- #INTC
- #KO
- #MA
- #MCD
- #MSFT
- #NTDOY
- #PEP
- #TSLA
- #TWTR
- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
- EURCAD
- EURCHF
- EURGBP
- EURJPY
- EURNZD
- EURRUB
- EURUSD
- GBPAUD
- GBPCHF
- GBPJPY
- GBPUSD
- GOLD
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SILVER
- USDCAD
- USDCHF
- USDJPY
- USDRUB
- All
- M5
- M15
- M30
- H1
- D1
- All
- Buy
- Sale
- All
- 1
- 2
- 3
- 4
- 5
According to the chart of H1, #INTC formed the Inverse Head and Shoulder pattern. The Head’s top is set at 20.53 while the median line of the Neck is found
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On the chart of #INTC M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 20.54; the lower boundary 20.05; the width of the pattern 49 points
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on EURCHF M5. Characteristics: the upper boundary 0.9395; the lower boundary 0.9384; the width of the pattern is 10 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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