Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like a descending channel is close to being done and the price requires next strong rise for the certainty of breakout.
A descending channel denotes a bullish formation that predicts a countertrend succeeding the current trend when price breaks out to the the upside.
It is not ruled out that a further bullish move to 67000 will be made.
FALLING WEDGE
Bitcoin
BTC/USD
4H
A falling wedge has been recognized, btcusd requires a next impulse up as evidence of a breakout.
A falling wedge signals that prices are likely to keep rallying upward when price breaks through the resistance.
There is a possibility of a further bullish continuation towards the 68000 mark as bulls lurking in demand zone.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle happens.
A descending triangle typically identifies that the price to go short if price breaks through the support.
Btcusd set to plunge towards the 65500 zone on a breakout of the descending triangle.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge spotted.
A falling wedge represents a useful price action formation with a downward bias that often spots a next move up once price breaks through the resistance.
Btcusd to strengthen towards the 67500 level.
RECTANGLE
Bitcoin
BTC/USD
4H
There is a rectangle forming, the price is ready to break out soon.
Once price collapses through the support line, the move could predict a bearish move.
A bearish move towards the 66000 level is likely as there is a chance of further weakness.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle poping up, btcusd calls for a more move for the certainty of breakdown.
In case if price breaks below support, the resulting move could signal the bulls have run out of steam.
Corrective downside towards 67000 stays on the cards.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel is very close to being finished, the price calls for a further steady move for clear breakout confirmation.
An ascending channel is said to depict a specific chart signal that is used to signal a move down if price breaks through the support.
A bearish move towards 67000 is on the way.
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge is close to being done, the price is going to break out soon.
A falling wedge is said to depict a specific bullish pattern that is angled down that can be used to signal a bearish-to-bullish trend reversal when price breaks above resistance.
A bullish move to the 68000 mark looks possible on a breakout of the falling wedge as minor hurdle remains at 67700.
PENNANT
Bitcoin
BTC/USD
4H
There is a pennant materializing, the price requires a bit more consolidation as a clue of a breakout.
When price breaks through the resistance, the move could indicate a bullish price action.
Btcusd could attempt a move to 69000 on a upside break as door open for a test of 69000.
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