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Bearish Symmetrical Triangle
was formed on 03.04 at 20:05:13 (UTC+0)
signal strength 1 of 5

Bearish Symmetrical Triangle #Bitcoin M5

According to the chart of M5, #Bitcoin formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 81178.46/81904.02 and upper border is 82588.16/81904.02. The pattern width is measured on the chart at -140970 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 81903.87.

The M5 and M15 time frames may have more false entry points.

Figure
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Instrument
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  • Bearish Rectangle
  • Bearish Symmetrical Triangle
  • Bearish Symmetrical Triangle
  • Bullish Rectangle
  • Double Top
  • Double Top
  • Triple Bottom
  • Triple Bottom
  • Triple Top
  • Triple Top
Timeframe
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Trend
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  • Buy
  • Sale
Signal Strength
  • All
  • 1
  • 2
  • 3
  • 4
  • 5
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