Open:
High:
Low:
Close:
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like a descending triangle materializes, the price is breaking out.
A descending triangle indicates prices are likely to keep falling downward once price breaks through the support.
It is not ruled out that a further bearish continuation towards 69000 will take place as the mood may get worse.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel arises.
When price breaks through the support, the resulting move could predict a countertrend succeeding the current trend.
Btcusd risks further decline towards 69000 on a breakdown of the ascending channel as btcusd sticks to the negative mood.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge appearing and btcusd asks for a further strong correction as evidence of a breakdown.
When price collapses through the support line, the move could predict extending an downtrend.
There is a possibility of a further bearish price action towards the 69000 mark while lower than 70000.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge coming out.
A rising wedge describes a useful bearish signal that signals a next move down in case if price breaks below support.
Btcusd risks extra downside to 68000.
RECTANGLE
Bitcoin
BTC/USD
1H
Btcusd composes a rectangle.
A rectangle indicates a sharp rise once price breaks through the resistance.
It is likely that a rangebound towards 68500 will occur as the cryptocurrency looks bid.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge recognized, the price is ready to break out soon.
A falling wedge indicates a next move up in case if price breaks above resistance.
Btcusd to maintain its positive tone towards 67500.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle takes place.
An ascending triangle is a specific bearish signal that predicts that the price to go short when price breaks through the support.
Btcusd points to the downside towards the 66500 zone.
FALLING WEDGE
Bitcoin
BTC/USD
1H
It looks like a falling wedge is close to being complete, btcusd requests bigger rise as an information of a breakout.
When price breaks through the resistance, the move could signal a bullish price move.
Btcusd to move up towards 67500 on impulse above 67200.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
We can see that a descending channel forms, the price calls for a next bigger bullish impulse to confirm descending channel breakout.
Once price breaks above resistance, the move could signal a further move up.
Btcusd targets a move to the 68000 zone as the mood may improve.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.