Open:
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Close:
RISING WEDGE
Bitcoin
BTC/USD
1H
It seems like a rising wedge pops up and the price is breaking out.
A rising wedge often signals the bulls have run out of steam if price breakdown occurs.
Btcusd risks a correction towards the 67500 level.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge forming and btcusd demands further strong push down for clear breakout confirmation.
A rising wedge predicts a trend change to the downside when price breaks out to the the downside.
Btcusd to accomodate to 68000 as the cryptocurrency is at a brink of a bearish breakout.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is a descending triangle developing, the price requests a bit more consolidation to confirm descending triangle breakout.
Once price breaks out, the move could signal the bears have run out of steam.
A bullish run towards the 69000 zone looks likely as the mood may improve.
PENNANT
Bitcoin
BTC/USD
1H
A pennant has been determined and the price requires a steady bullish action as an indication of a breakout.
A pennant often identifies a bullish price action once price breaks above resistance.
A bullish push up towards the 68500 level is on the way.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is close to being finished and the price requests a more move for clear breakdown confirmation.
An ascending channel spots a temporary interruption of an existing trend when price breaks below support.
There is a chance of corrective downside towards 66500 on a breach of 67100 amid btcusd recedes from recent highs.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel is nearing completion, the price is going to break out soon.
A descending channel provides a useful bullish formation that is angled down that typically indicates a bullish move if price breaks out.
Btcusd to turn bullish towards 67500 on a breakout of the descending channel.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like a descending channel is close to being done and the price requires next strong rise for the certainty of breakout.
A descending channel denotes a bullish formation that predicts a countertrend succeeding the current trend when price breaks out to the the upside.
It is not ruled out that a further bullish move to 67000 will be made.
FALLING WEDGE
Bitcoin
BTC/USD
4H
A falling wedge has been recognized, btcusd requires a next impulse up as evidence of a breakout.
A falling wedge signals that prices are likely to keep rallying upward when price breaks through the resistance.
There is a possibility of a further bullish continuation towards the 68000 mark as bulls lurking in demand zone.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle happens.
A descending triangle typically identifies that the price to go short if price breaks through the support.
Btcusd set to plunge towards the 65500 zone on a breakout of the descending triangle.
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