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DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle distinguished and the price calls for a further steady move as a clue of a breakout.
A descending triangle is believed to be a price action formation that can be used to spot a bullish price move in case if price breaks out to the the upside.
There is a chance of a rangebound to the 63200 zone.
FALLING WEDGE
Bitcoin
BTC/USD
4H
A falling wedge is close to being finished and btcusd expects a next active move as a verification of a breakout.
A falling wedge is believed to be a compelling bullish indicator that identifies that the price to go up if price breaks out to the the upside.
Btcusd violates bearish trendline to 63500 on a breakout of the falling wedge.
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge has been determined and the price lacks a more bullish move as an information of a breakout.
Once price breaks out, the move could identify a potential bullish reversal in price action.
Btcusd now looks towards 63200.
RECTANGLE
Bitcoin
BTC/USD
1H
As we can see the price gives a rectangle and the price is breaking out.
In case if price breaks through the support, the resulting move could predict a bearish price move.
Btcusd risks extra downside towards the 63200 zone on a breakdown of the rectangle.
PENNANT
Bitcoin
BTC/USD
1H
We can see that a pennant is exposed.
In case if price breaks above resistance, the resulting move could predict a bullish move.
There is a probability of a rangebound to the 64000 zone.
PENNANT
Bitcoin
BTC/USD
1H
A pennant takes place.
A pennant is considered to be a specific bearish chart indicator that typically indicates a move down in case if price breaks below support.
Extra downside towards 63400 is on the cards on impulse below 63500.
RECTANGLE
Bitcoin
BTC/USD
4H
There is a rectangle happening, the price is about to break out.
A rectangle describes a specific bearish price formation that is used to identify that the price to go down when price breaks out to the the downside.
It is not ruled out that a further move towards the 63000 mark will happen on a breakout of the rectangle.
RECTANGLE
Bitcoin
BTC/USD
1H
There is a rectangle forming.
A rectangle describes a price action signal that often indicates extending an downtrend in case if price breaks down.
There is a possibility of a rangebound towards 64600 on impulse below 64700 as bearish momentum increases.
RISING WEDGE
Bitcoin
BTC/USD
4H
A rising wedge takes place.
A rising wedge is believed to be a reliable price action indicator that is used to predict a break in the price direction if price breaks out.
Btcusd looks south towards the 64500 zone.
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