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,
1 hour
LONG
32 hours ago
It looks like the price builds a descending channel and BTC/USD wants a next steady impulse up to confirm a breakout.
A descending channel depicts a compelling pattern that often spots a countertrend succeeding the current trend if price breaks through the resistance.
BTC/USD to move up towards 66000 as BTC/USD nears 65600 hurdle.
Bitcoin: Rising Wedge
BTC/USD,
1 day
SHORT
Jun 12
A rising wedge is close to completion, BTC/USD lacks a move for clear breakdown confirmation.
If price breaks out, the resulting move could indicate a temporary interruption during a rising market.
BTC/USD turns lower to the 66000 mark on a break below 67000.
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: 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 Channel
BTC/USD,
1 day
LONG
Jul 13
It looks like a descending channel emerges, the price is ready to break out.
A descending channel describes a technical price signal that spots reversals in downtrends if price breaks above resistance.
BTC/USD to turn bullish to 60000 on a breach of 58000 as BTC/USD becomes supported.
Bitcoin: Descending Channel
BTC/USD,
1 day
LONG
Jul 15
It seems like a descending channel is spotted and BTC/USD expects more rise as a verification of a breakout.
A descending channel identifies a specific price indicator that is used to predict a trend change to the upside in case if price breaks through the resistance.
It is not ruled out that a bullish push up towards 60000 will occur.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
37 hours ago
It seems like a descending channel is close to completion, the price asks for a further bigger bullish action as an indication of a breakout.
A descending channel provides a reliable bullish chart signal that often spots that the price to go up when price breaks out to the the upside.
It is likely that a bullish push up towards the 66000 level will happen.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Jun 23
There is an ascending triangle turning up, the price wants a bigger correction to confirm a breakdown.
An ascending triangle is believed to be a useful price action formation that is used to predict a sharp decline once price breaks down.
It is likely that corrective downside to the 64300 zone will take place on a breakout of the ascending triangle as bears seeking a new low.
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Bitcoin · BTC/USD