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Bitcoin · BTC/USD

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Bitcoin: Descending Channel

BTC/USD, 1 hour    LONG 34 hours ago
A descending channel is diagnosed, the price is going to break out. A descending channel predicts that the price will rally further if price breaks out to the the upside. BTC/USD violates bearish trendline to the 69200 level on a breach of 69100.

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: 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: Pennant

BTC/USD, 4 hours    SHORT 25 hours ago
A pennant has been exposed and the price asks for a next move as proof of a breakdown. A pennant is believed to be a chart indicator that predicts extending an downtrend when price breaks down. BTC/USD looks for a setback towards 68000.

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: Rectangle

BTC/USD, 4 hours    LONG May 15
The price establishes a rectangle. A rectangle suggests a useful bullish price pattern that is used to signal a bullish price action once price breaks out. BTC/USD to extend its rebound to 64000 as the cryptocurrency becomes supported.

Bitcoin: Ascending Triangle

BTC/USD, 1 hour    LONG Apr 25
We can see that an ascending triangle is close to being complete and the price is ready to break out. An ascending triangle is considered to be a technical bullish price action formation that is used to indicate a further move up if price breaks out. BTC/USD to continue higher towards 27800 as the cryptocurrency challenges 27650 hurdle.

Bitcoin: Descending Channel

BTC/USD, 1 day    LONG Feb 8
The price shows a descending channel and BTC/USD wants a bigger bullish move as a signal of a breakout. When price breaks above resistance, the move could signal that the price will rally further. There is a chance of a bullish push up to the 46000 zone as the mood may improve.

Bitcoin: Descending Channel

BTC/USD, 1 day    LONG May 14
It looks like the price composes a descending channel, the price is ready to break out soon. When price breaks out, the resulting move could signal a move up. BTC/USD risks a move to the 65000 level while above 63000.

Bitcoin: Bullish Flag

BTC/USD, 1 hour    LONG Dec 8
It looks like a bullish flag arises, the price is close to breaking out soon. A bullish flag is believed to be a specific indicator that is used to signal price reversal after a pause if price breaks out. A rangebound towards the 43600 level is probable on impulse above 43500.
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