There is a rising wedge identified.
A rising wedge describes a specific price formation that signals a countertrend succeeding the current trend when price collapses through the support line.
There is a probability of a bearish price action towards 66000 on a downside break.
Bitcoin: Rectangle
BTC/USD,
1 hour
LONG
4 days ago
A rectangle is almost done.
A rectangle describes a technical pattern that predicts the bears have run out of steam if price breaks out to the the upside.
BTC/USD to look for a further push towards 63000 while above 62800 as there is a chance for a upside correction.
Bitcoin: Rectangle
BTC/USD,
1 hour
SHORT
Jan 22
A rectangle materializes and the price is ready to break out now.
Once price breakdown occurs, the move could predict a bearish price action.
BTC/USD to prolong the corrective phase towards 41500.
Bitcoin: Bearish Rectangle
BTC/USD,
4 hours
SHORT
Mar 8
The price gives a bearish rectangle and BTC/USD calls for a more bearish impulse as a clue of a breakdown.
A bearish rectangle is considered to be a reliable indicator that predicts the bulls have run out of steam when price breaks out to the the downside.
BTC/USD to slide towards 22000 on a breakout of the bearish rectangle.
Bitcoin: Pennant
BTC/USD,
1 hour
SHORT
Mar 14
There is a pennant uncovered, BTC/USD calls for a more active bearish action as a signal of a breakdown.
A pennant is considered to be a specific signal that typically spots that the price to go down when price collapses through the support line.
There is a probability of a bearish push down towards 72500.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Sep 18
A descending channel happens and the price is ready to break out soon.
A descending channel is considered to be a technical bullish chart pattern that has a downward slope that often identifies a bullish price move when price breaks out.
It is possible that a bullish push up to 26650 will happen once beyond 26590.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Mar 18
An ascending channel appears and BTC/USD asks for a move as a clue of a breakdown.
If price breaks out, the resulting move could identify a bearish price move.
A bearish push down to 66000 is likely to happen on a downside break.
Bitcoin: Descending Triangle
BTC/USD,
4 hours
LONG
Jul 30
A descending triangle has been encountered, the price is ready to break out soon.
A descending triangle suggests a specific bullish price action signal that indicates a bullish price action in case if price breaks out to the the upside.
It is not ruled out that a bullish price action towards 29400 will form once beyond 29340 as the cryptocurrency looks bid.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Apr 24
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
Jun 16
There is a descending channel detected, the price breaks out.
A descending channel typically signals a bullish price move in case if price breaks out to the the upside.
It is likely that a move to 26000 will be made.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Jun 9
It looks like an ascending triangle materializes and the price expects a further bigger move to confirm ascending triangle breakout.
An ascending triangle provides a compelling price action formation that typically results in the more likely potential of falling prices if price breaks through the support.
It is likely that a bearish continuation to the 26400 zone will happen on a breach of 26520.
Bitcoin: Pennant
BTC/USD,
1 hour
SHORT
Jun 5
There is a pennant uncovered, the price is close to breaking out.
A pennant is a specific chart pattern that results in extending an downtrend if price breaks down.
A further bearish run towards the 27000 zone stays on the cards as BTC/USD becomes weaker.
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