A descending triangle has been noticed and the price is going to break out.
A descending triangle is said to depict a reliable price formation that typically indicates that prices are likely to keep rallying upward in case if price breaks above resistance.
Btcusd advances higher towards the 88500 mark on a upside break amid btcusd recovers from recent lows.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Jan 9
A descending channel is very close to being completed and the price is ready to break out.
When price breaks through the resistance, the resulting move could identify a change in the prevailing trend.
BTC/USD opens door for a move towards 95000 as uptrend may continue.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Mar 24
It looks like the price gives an ascending triangle, the price expects a more bullish continuation as an information of a breakout.
An ascending triangle signals extending an uptrend if price breaks above resistance.
A rangebound towards the 66000 level about to be made.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Dec 24
There is an ascending triangle emerging.
An ascending triangle denotes a technical price formation that can be used to indicate that the price to go short once price breaks down.
BTC/USD to plummet towards the 43400 zone as the cryptocurrency is at a brink of a bearish breakout.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Dec 8
It looks like a descending triangle is close to being done, BTC/USD requests a more active bullish move to confirm a breakout.
A descending triangle identifies that prices are likely to keep rallying upward when price breaks through the resistance.
A bullish push up towards 43600 about to be made.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Oct 9
An ascending channel occurs, the price is breaking out.
An ascending channel is considered to be a compelling price formation that can be used to spot a further move down in case if price collapses through the support line.
Btcusd could attempt a move to the 121500 mark on a breakdown of the ascending channel.
Bitcoin: Falling Wedge
BTC/USD,
1 hour
LONG
May 17
The price gives a falling wedge and BTC/USD requires a further bigger move as a signal of a breakout.
A falling wedge is considered to be a specific indicator that is used to spot that prices are likely to keep rallying upward once price breaks above resistance.
BTC/USD to resume its rise to the 103500 mark as the cryptocurrency becomes bullish.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Oct 12
There is a descending channel coming out and the price is ready to break out.
In case if price breaks out, the move could indicate that the price to go long.
It is possible that a move to the 112000 mark will happen on a breakout of the descending channel.
Bitcoin: Symmetrical Triangle
BTC/USD,
4 hours
LONG
Sep 17
A symmetrical triangle emerges.
A symmetrical triangle can be thought of as a technical bullish chart signal that can be used to identify a sharp rise once price breaks out.
It is not ruled out that a further rangebound towards 60500 will take place.
Bitcoin: Falling Wedge
BTC/USD,
1 hour
LONG
Apr 25
There is a falling wedge turning up, the price lacks a more bigger move for clear breakout confirmation.
Once price breaks out to the the upside, the move could indicate price reversal after a pause.
A bullish price action to 27600 is likely to happen amid the cryptocurrency reclaims part of the ground lost.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Oct 6
There is an ascending triangle observed.
When price breaks out to the the upside, the resulting move could identify that the price to go up.
BTC/USD pushes higher to the 62400 zone as extra rangebound not ruled out.
Bitcoin: Falling Wedge
BTC/USD,
4 hours
LONG
Apr 19
It seems like a falling wedge is recognized, the price is breaking out.
A falling wedge is considered to be a specific pattern with a downward bias that can be used to spot a break during a downtrending market when price breaks out.
A bullish move towards 85000 is about to happen amid rising bets for the move.
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