A bullish rectangle arises, the price is breaking out.
A bullish rectangle is a useful chart pattern that can be used to signal that the price to go up in case if price breaks above resistance.
A move towards 27000 looks likely.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Dec 31
There is a descending channel distinguished.
A descending channel typically results in the more likely potential of rising prices in case if price breaks through the resistance.
BTC/USD now looks towards the 43000 mark.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Mar 14
There is an ascending triangle materializing.
An ascending triangle represents a compelling bearish chart signal that signals a next move down when price breaks out to the the downside.
BTC/USD to suffer further downside towards the 72500 zone on impulse below 73100 as indicators turn bearish.
Bitcoin: Symmetrical Triangle
BTC/USD,
1 hour
LONG
Dec 5
We can see that a symmetrical triangle is nearing completion, the price lacks a bit more consolidation as a signal of a breakout.
A symmetrical triangle typically signals the more likely potential of rising prices if price breaks above resistance.
There is a probability of a further bullish push up to 42000 on a breach of 41850.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Jul 25
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: Pennant
BTC/USD,
1 hour
LONG
Feb 12
It looks like a pennant is recognized.
A pennant often signals a sharp rise if price breaks out.
It is not ruled out that a bullish push up towards 48400 will occur on a break above 48300 as the wind continues blowing in favor of BTC/USD.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Sep 10
As we can see the price forms an ascending triangle.
If price breaks below support, the move could indicate an extension in the downward direction.
BTC/USD could extend its slump to 25800 while lower than 25830.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Apr 25
There is a descending channel revealed.
A descending channel represents a specific bullish indicator that is used to predict an interruption of a downtrend in case if price breaks above resistance.
BTC/USD does not rule out a move to 27600 on a breach of 27550.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Nov 20
There is an ascending triangle detected.
An ascending triangle indicates a sharp rise when price breaks above resistance.
There is a possibility of a move towards the 94000 zone on a breach of 93800.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Jan 7
It looks like an ascending triangle has been uncovered and the price is ready to break out.
An ascending triangle suggests a useful price action formation that results in that the price to go up when price breaks out.
BTC/USD tests a move towards the 44400 level once above 44200 as the cryptocurrency probes 44200 hurdle.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Jul 23
There is a descending triangle taking place, BTC/USD lacks more bigger rise as a sign of a breakout.
In case if price breaks out to the the upside, the move could predict that the price to go long.
BTC/USD to extend its rebound towards the 30000 mark.
Bitcoin: Rectangle
BTC/USD,
1 hour
LONG
May 15
A rectangle is almost done.
A rectangle describes a technical pattern that predicts the bears have run out of steam if price breaks out to the the upside.
BTC/USD to look for a further push towards 63000 while above 62800 as there is a chance for a upside correction.
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