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BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag materializing and the price asks for further steady pullback as a signal of a breakout.
A bearish flag is a specific bearish price action formation that has an upward slope that can be used to predict a bearish move if price breaks below support.
Btcusd set to accelerate its decline to 71400.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
We can see that the price completes an ascending triangle and the price demands a steady move as an information of a breakout.
In case if price breaks through the resistance, the resulting move could predict extending an uptrend.
There is a probability of a bullish push up to the 71400 level on a break above 71250 as btcusd resumes the upside.
PENNANT
Bitcoin
BTC/USD
1D
It looks like a pennant is almost completed, btcusd wants a strong move as an information of a breakout.
A pennant depicts a bullish price formation that is used to indicate the more likely potential of rising prices in case if price breaks above resistance.
Btcusd to prolong the growth phase towards 75000 on a break above 72000 as btcusd nears 72000 hurdle.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge forming, btcusd wants steady push up as evidence of a breakout.
If price breaks out to the the upside, the resulting move could signal a further move up.
A bullish price action to 72000 about to be made on a breach of 70800.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like an ascending channel is detected and the price is close to breaking out soon.
In case if price breaks down, the resulting move could signal that the price to go down.
A further bearish move towards the 70000 zone is likely.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
It seems like a symmetrical triangle turns up.
Once price breaks above resistance, the resulting move could identify that prices are likely to keep rallying upward.
A bullish move to 71000 is likely to happen.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel revealed, the price is about to break out soon.
An ascending channel is considered to be a specific bearish formation that typically results in that the price to go down when price breaks down.
Extra downside to the 69000 zone is possible on a breakout of the ascending channel as weakness continues.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is an ascending triangle observed, the price is going to break out soon.
An ascending triangle identifies a specific indicator that typically predicts the more likely potential of falling prices in case if price breaks below support.
Btcusd to suffer further downside to the 69000 zone as bears looking for profit.
BULLISH FLAG
Bitcoin
BTC/USD
1H
It looks like a bullish flag is very close to being finished and the price expects a move as an information of a breakout.
A bullish flag suggests a technical signal that often signals an extension in the upward direction once price breaks out.
A move towards 71000 is not ruled out.
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