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: 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: 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.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Oct 18
It seems like an ascending triangle appears and the price wants a further active move to confirm a breakout.
An ascending triangle spots that the price will rally further when price breaks out to the the upside.
Btcusd to look for a further push to 107500 as the cryptocurrency looks bid.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Jul 21
BTC/USD completes an ascending channel.
An ascending channel typically identifies a further move down in case if price breaks out.
A bearish run towards 66600 looks likely on a breakout of the ascending channel.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Oct 21
An ascending channel arises and the price is ready to break out.
An ascending channel can be thought of as a reliable bearish signal that is used to predict a further move down in case if price breakdown occurs.
It is not ruled out that a rangebound to the 68600 zone will take place.
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
Sep 28
There is a descending channel emerging and the price is breaking out.
A descending channel suggests a compelling bullish price pattern that often predicts a next move up when price breaks out.
Btcusd to jump to 112000 as downside pressure seen easing.
Bitcoin: Pennant
BTC/USD,
1 hour
LONG
Jul 2
There is a pennant materializing, BTC/USD demands a next active move as evidence of a breakout.
A pennant typically results in the more likely potential of rising prices when price breaks out to the the upside.
There is a possibility of a bullish continuation towards the 30600 mark on a breach of 30550.
Bitcoin: Bullish Rectangle
BTC/USD,
1 hour
LONG
Sep 30
As we can see a bullish rectangle happens and btcusd requires a further active move as evidence of a breakout.
A bullish rectangle spots that the price to go up in case if price breaks out to the the upside.
There is a chance of a further bullish price action to 115000 once beyond 114600.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Oct 19
There is a descending channel identified.
In case if price breaks out to the the upside, the resulting move could indicate a further move up.
It is likely that a bullish price action towards the 29000 zone will occur.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Oct 23
There is a descending channel turning up and the price expects a next bigger move for the certainty of breakout.
A descending channel describes a compelling price pattern that has a downward slope that spots that the price to go long if price breaks above resistance.
A bullish move towards 30200 looks possible.
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