Actual patterns

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Patterns are graphical models which are formed in the chart by the price. According to one of the technical analysis postulates, history (price movement) repeats itself. It means that the price movements are often similar in the same situations which makes it possible to predict the further development of the situation with a high probability.

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Double Top
was formed on 29.12 at 10:10:40 (UTC+0)
signal strength 1 of 5

On the chart of #Bitcoin M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 95233.53; the lower boundary 95043.53; the width of the pattern 19000 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 95043.38 level.

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

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Actual Patterns