It seems like BTC/USD gives a pennant and BTC/USD needs a next move as a verification of a breakdown.
A pennant identifies a specific bearish chart signal that typically signals the bulls have run out of steam if price breaks out to the the downside.
There is a possibility of a further bearish move to 86000 on a breakdown of the pennant as the cryptocurrency is at a brink of a bearish breakout.
Bitcoin: Pennant
BTC/USD,
1 hour
LONG
Oct 15
There is a pennant identified and the price wants a more move as an indication of a breakout.
A pennant can be thought of as a specific pattern that typically results in a bullish price move when price breaks out.
BTC/USD to have better chances of advancing towards the 26900 zone as BTC/USD becomes bid.
Bitcoin: Ascending Channel
BTC/USD,
4 hours
SHORT
4 days ago
As we can see BTC/USD sets up an ascending channel, the price is about to break out.
An ascending channel typically indicates a sharp decline once price breaks below support.
There is a probability of a bearish run to 87000 on a breakout of the ascending channel as upside pressure seen easing.
Bitcoin: Rectangle
BTC/USD,
1 hour
SHORT
Jun 23
BTC/USD creates a rectangle.
A rectangle spots a bearish price move once price breaks down.
BTC/USD to drop towards 64250 on a breakout of the rectangle as the cryptocurrency becomes weak.
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
Feb 26
A descending channel emerges and BTC/USD expects a more bigger move for clear breakout confirmation.
A descending channel denotes a bullish indicator that is used to spot a bullish move in case if price breaks out to the the upside.
It is not ruled out that a bullish push up to the 51800 zone will occur as the mood may improve.
Bitcoin: Bearish Flag
BTC/USD,
1 hour
SHORT
Sep 30
There is a bearish flag occuring.
A bearish flag is said to depict a specific price action formation that has an upward slope that indicates a move down when price breaks out.
It is likely that a move to 65500 will take place on a break below 65540.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Feb 26
There is a descending channel distinguished, the price requires next steady push up as an indication of a breakout.
If price breaks out, the resulting move could spot a break in the price direction.
It is likely that a further move towards 52000 will form.
Bitcoin: Descending Channel
BTC/USD,
1 hour
SHORT
Dec 11
There is a descending channel appearing, the price wants a more active move for clear breakout confirmation.
A descending channel often results in a bearish price move when price breaks below support.
BTC/USD risks extra losses towards 43500.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Feb 20
There is an ascending channel diagnosed.
An ascending channel often indicates the bulls have run out of steam if price breaks out to the the downside.
A bearish price action to 51600 looks probable while lower than 51800 as there is a chance for a downside correction.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Jan 5
The price sets up a descending triangle, BTC/USD demands a next active move to confirm a breakout.
When price breaks through the resistance, the resulting move could indicate that the price to go up.
BTC/USD advances higher towards 98400 amid the cryptocurrency recovers from recent lows.
Bitcoin: Ascending Channel
BTC/USD,
4 hours
SHORT
2 days ago
An ascending channel has been identified.
An ascending channel is believed to be a useful chart signal that is used to predict a breakdown is likely to occur when price breaks out.
BTC/USD embarks on a bearish correction towards 84000 amid rising bets for the move.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
SHORT
Mar 9
There is a descending triangle developing and the price is ready to break out soon.
A descending triangle is considered to be a compelling bearish signal that can be used to signal that the price to go down when price breaks through the support.
It is possible that a bearish continuation to 85500 will be made.
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Bitcoin · BTC/USD