A rising wedge comes out, the price is going to break out.
A rising wedge identifies that the price to go down in case if price breakdown occurs.
There is a probability of a further rangebound to 30400 on a breach of 30600 as bears seeking a new low.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
May 10
There is a descending triangle emerging and BTC/USD wants an active move as a signal of a breakout.
A descending triangle results in the bears have run out of steam if price breaks out to the the upside.
It is likely that a bullish move towards 27800 will form on a breach of 27700.
Bitcoin: Symmetrical Triangle
BTC/USD,
1 hour
SHORT
Sep 20
As we can see a symmetrical triangle is very close to being completed, BTC/USD needs a more impulse down as an indication of a breakout.
A symmetrical triangle identifies a specific bearish pattern that often indicates a bearish move when price collapses through the support line.
BTC/USD to extend its slide to 27000 on a breakout of the symmetrical triangle.
Bitcoin: Falling Wedge
BTC/USD,
1 hour
LONG
Mar 11
It seems like a falling wedge is close to being complete.
When price breaks above resistance, the move could indicate a bullish price action.
BTC/USD to move up towards 69500 as the mood may improve.
Bitcoin: Bearish Rectangle
BTC/USD,
1 hour
SHORT
Sep 11
There is a bearish rectangle coming out, the price is about to break out now.
A bearish rectangle indicates the more likely potential of falling prices in case if price breaks out to the the downside.
BTC/USD now looks to 25600 as risk reversal sheds bullish bias.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Jan 26
It seems like a descending channel occurs.
A descending channel depicts a reliable pattern that results in a sharp rise when price breaks above resistance.
It is not ruled out that a further bullish continuation to the 40400 zone will be made on a break above 40150.
Bitcoin: Descending Channel
BTC/USD,
1 day
LONG
Feb 3
We can see that a descending channel pops up and the price lacks a bit more consolidation as an information of a breakout.
A descending channel often indicates a next move up if price breaks above resistance.
BTC/USD targets a move towards 44000 once beyond 43500 as BTC/USD becomes bullish.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Sep 24
It looks like BTC/USD shows an ascending channel.
An ascending channel often predicts that the price to go short once price breaks out.
There is a chance of a bearish run towards the 26550 mark.
Bitcoin: Pennant
BTC/USD,
1 day
SHORT
Apr 13
The price creates a pennant, the price is going to break out now.
A pennant spots an extension in the downward direction when price breakdown occurs.
A bearish push down towards the 66000 zone is a possibility.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Apr 13
The price gives a descending channel.
A descending channel is believed to be a technical pattern that signals a bullish price move in case if price breaks out to the the upside.
BTC/USD to have better chances of advancing towards 30200 on a upside break.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Oct 5
An ascending channel is close to being finished, BTC/USD requests a strong move for clear breakdown confirmation.
In case if price breaks below support, the resulting move could signal extending an downtrend.
Further decline to the 27600 mark is likely.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Apr 13
It seems like an ascending channel is observed.
An ascending channel often spots a bearish price move once price breaks through the support.
BTC/USD risks further decline towards 30000 once below 30250.
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