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Bitcoin · BTC/USD

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Bitcoin: Ascending Channel

BTC/USD, 4 hours    SHORT 2 days ago
There is an ascending channel discovered, BTC/USD needs further active push down to confirm ascending channel breakout. An ascending channel provides a technical bearish price signal that often identifies prices are likely to keep falling downward if price breaks down. There is a possibility of extra downside to 46000 on a breakout of the ascending channel.

Bitcoin: Descending Channel

BTC/USD, 1 hour    LONG Jun 13
As we can see a descending channel is close to completion, the price requests a bigger move as proof of a breakout. A descending channel identifies extending an uptrend once price breaks through the resistance. BTC/USD to prolong the growth phase to the 37000 level on a break above 36000 as the wind continues blowing in favor of BTC/USD.

Bitcoin: Rectangle

BTC/USD, 4 hours    LONG Jul 22
As we can see a rectangle is recognized and the price requires a further bigger move as a sign of a breakout. A rectangle typically indicates that the price will rally further when price breaks out. A rangebound towards the 34000 level stays on the cards.

Bitcoin: Descending Triangle

BTC/USD, 1 hour    LONG Sep 5
A descending triangle is close to being finished and the price is close to breaking out. A descending triangle is believed to be a technical bullish price action formation that indicates a bullish price action when price breaks through the resistance. BTC/USD risks a move to 50200 amid BTC/USD recovers from recent lows.

Bitcoin: Descending Channel

BTC/USD, 1 hour    SHORT Jun 7
A descending channel has been identified and the price requests active fall as a verification of a breakout. A descending channel denotes a signal that often predicts a further move down when price collapses through the support line. A move towards 35200 looks probable on a breach of 35400.

Bitcoin: Rising Wedge

BTC/USD, 4 hours    SHORT May 10
There is a rising wedge occuring, the price is close to breaking out now. A rising wedge tends to be a signal that indicates price heading to a new direction if price breaks below support. It is not ruled out that a bearish push down to 56000 will take place as BTC/USD is at a brink of a bearish breakout.

Bitcoin: Descending Triangle

BTC/USD, 1 hour    SHORT 35 hours ago
We can see that a descending triangle appears. In case if price collapses through the support line, the move could spot a sharp decline. BTC/USD to suffer a steeper decline to the 47600 zone on a breach of 47800 as the cryptocurrency nears 47800 hurdle.

Bitcoin: Ascending Channel

BTC/USD, 1 hour    SHORT May 12
As we can see an ascending channel is discovered and the price is breaking out. Once price breaks out to the the downside, the resulting move could identify a bearish price move. BTC/USD embarks on a bearish correction towards 55000 on a breach of 55500.

Bitcoin: Rising Wedge

BTC/USD, 1 hour    SHORT May 12
BTC/USD forms a rising wedge. A rising wedge describes a specific chart indicator that is used to signal that the price to go short in case if price breakdown occurs. BTC/USD to resume its downfall towards the 56000 zone.

Bitcoin: Rectangle

BTC/USD, 1 hour    LONG Jul 3
It looks like a rectangle forms. A rectangle provides a technical signal that identifies a bullish price action once price breaks out to the the upside. It is possible that a move towards the 34200 level will happen as door open for a test of 34200.

Bitcoin: Descending Channel

BTC/USD, 1 day    LONG Jul 26
A descending channel is recognized, the price demands a bigger move as a sign of a breakout. A descending channel is said to depict a technical bullish pattern that has a downward slope that can be used to identify a pause in a downtrending market once price breaks out. It is possible that a bullish price action to 38000 will happen once beyond 35000 as downside pressure mitigates.

Bitcoin: Rising Wedge

BTC/USD, 1 hour    SHORT Aug 1
A rising wedge is determined. A rising wedge can be thought of as a bearish price indicator that spots a break in the price direction in case if price breaks down. BTC/USD accelerates losses to the 41400 mark while below 41600.
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