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DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
We can see that a descending channel takes place and the price is close to breaking out now.
A descending channel often results in an interruption of a downtrend when price breaks out.
There is a chance of a bullish move towards 89500.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel taking place.
An ascending channel is considered to be a bearish pattern that has an upward slope that is used to spot a bearish price move in case if price breaks below support.
Further decline towards 87500 is possible on a breakout of the ascending channel amid rising bets for the move.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag exposed and the price is going to break out.
A bearish flag is said to depict a specific indicator that spots a bearish move in case if price breaks below support.
Btcusd to slump to the 87500 mark on a breach of 88000 as bears looking for downside correction.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle taking place.
An ascending triangle spots a bullish price action once price breaks out.
Btcusd to increase bullish potential towards 89000 on impulse above 88500 as the wind continues blowing in favor of the cryptocurrency.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
We can see that the price establishes a descending channel and btcusd expects a strong bullish impulse for clear breakout confirmation.
A descending channel typically predicts a trend change to the upside when price breaks above resistance.
Btcusd to jump towards 89000 on a breakout of the descending channel.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
As we can see btcusd establishes a descending channel.
A descending channel denotes a signal that can be used to predict that the price to go up in case if price breaks out to the the upside.
There is a probability of a move towards 88000 while above 87800.
BEARISH FLAG
Bitcoin
BTC/USD
1D
As we can see a bearish flag is recognized.
Once price breaks through the support, the resulting move could signal a bearish move.
Btcusd embarks on a bearish correction towards 86000 on a breach of 88000.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
We can see that a descending triangle has been distinguished.
A descending triangle often predicts a bearish price action once price collapses through the support line.
It is likely that a bearish push down towards the 87000 level will occur on impulse below 88200.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel has been found, the price asks for further rise as a verification of a breakout.
A descending channel depicts a specific pattern with a downward bias that indicates an interruption of a downtrend if price breaks above resistance.
Btcusd looks ready to further extend its gains to 89000.
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