Open:
High:
Low:
Close:
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
There is an ascending channel diagnosed.
An ascending channel often results in a bearish price action if price breaks out.
Btcusd risks extra downside towards the 87000 level.
PENNANT
Bitcoin
BTC/USD
4H
There is a pennant identified, the price needs a move to confirm a breakout.
A pennant typically signals the bears have run out of steam in case if price breaks out to the the upside.
Btcusd points to the upside towards 89000 on a breach of 88200.
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle materializes and the price calls for a strong bullish move as an indication of a breakout.
If price breaks out to the the upside, the resulting move could signal a bullish move.
It is not ruled out that a rangebound towards 88200 will be made as downside pressure alleviates.
BEARISH FLAG
Bitcoin
BTC/USD
1H
It seems like a bearish flag has been revealed, the price is close to breaking out now.
A bearish flag is said to depict a specific bearish price indicator that can be used to signal that the price to go short once price breaks below support.
It is not ruled out that decline to 87600 will be made as there is a chance of further weakness.
RECTANGLE
Bitcoin
BTC/USD
1H
It looks like a rectangle comes out, btcusd requests an impulse up as an indication of a breakout.
A rectangle typically signals that the price to go long when price breaks above resistance.
It is possible that a bullish push up to the 87800 zone will happen on a breakout of the rectangle as weakness seen overdone.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle is close to being completed, btcusd requests a next steady move as evidence of a breakout.
Once price breaks out to the the upside, the resulting move could indicate that the price to go long.
There is a possibility of a further move towards 88000 on a breach of 87600.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
As we can see an ascending channel appears, the price is ready to break out soon.
An ascending channel is believed to be a useful pattern that is angled up that is used to spot a next move down if price breakdown occurs.
Btcusd tests a move towards 86500 on a breach of 87000 as the cryptocurrency keeps the bid tone.
BULLISH FLAG
Bitcoin
BTC/USD
4H
A bullish flag arises and btcusd calls for an active bullish action to confirm bullish flag breakout.
In case if price breaks above resistance, the move could signal a further move up.
A bullish move towards 90000 stays on the cards as bulls looking for profit.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like an ascending channel emerges and the price requests a bigger correction as a clue of a breakout.
An ascending channel signals an upward trend is about to reverse into an downward trend once price collapses through the support line.
Btcusd to fall towards the 87000 zone as there is room for a downside correction.
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