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Bitcoin · BTC/USD

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Bitcoin: Descending Channel

BTC/USD, 1 hour    LONG 4 hours ago
A descending channel appears, BTC/USD expects a further strong impulse up as a sign of a breakout. A descending channel is said to depict a useful price action pattern with a downward bias that spots a bullish move when price breaks above resistance. There is a probability of a bullish continuation to 70000 amid rising bets for the move.

Bitcoin: Bearish Flag

BTC/USD, 1 hour    SHORT Apr 17
BTC/USD completes a bearish flag and the price calls for a further bearish move to confirm bearish flag breakout. A bearish flag identifies a price action pattern that typically results in that the price to go short once price collapses through the support line. A bearish run towards 30100 looks possible.

Bitcoin: Bearish Flag

BTC/USD, 1 hour    SHORT Sep 24
It looks like a bearish flag has been determined. A bearish flag spots a temporary interruption during a rising market once price breaks down. It is possible that a bearish move towards the 26560 mark will happen on a breakout of the bearish flag as BTC/USD nears 26560 hurdle.

Bitcoin: Pennant

BTC/USD, 1 hour    SHORT Jul 30
A pennant is close to being done and the price is about to break out. A pennant is believed to be a technical bearish price formation that typically predicts the bulls have run out of steam once price breaks out to the the downside. Extra downside to the 29300 level is going to happen as upside pressure seen easing.

Bitcoin: Ascending Triangle

BTC/USD, 1 hour    LONG 3 days ago
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: Descending Channel

BTC/USD, 4 hours    LONG Dec 1
There is a descending channel forming, the price is close to breaking out now. Once price breaks above resistance, the resulting move could identify that the price to go long. It is likely that a bullish push up to 38500 will occur on a breakout of the descending channel as there is room for a upside correction.

Bitcoin: Rectangle

BTC/USD, 1 hour    SHORT Feb 20
It looks like a rectangle emerges. A rectangle often identifies a sharp decline in case if price breaks below support. BTC/USD risks extending drop towards 51400 on a breach of 51550.

Bitcoin: Bullish Flag

BTC/USD, 1 hour    LONG Feb 26
BTC/USD gives a bullish flag and the price demands an active move as a clue of a breakout. A bullish flag represents a reliable chart signal that is used to indicate a sharp rise in case if price breaks above resistance. It is not ruled out that a bullish move towards the 51800 level will form on a breach of 51550.

Bitcoin: Ascending Channel

BTC/USD, 1 hour    SHORT Mar 18
An ascending channel is almost finished, BTC/USD calls for next active fall for clear breakout confirmation. An ascending channel often spots prices are likely to keep falling downward if price breaks below support. BTC/USD to plummet towards 66500 on a breach of 67000.

Bitcoin: Rectangle

BTC/USD, 1 hour    SHORT Jan 22
A rectangle materializes and the price is ready to break out now. Once price breakdown occurs, the move could predict a bearish price action. BTC/USD to prolong the corrective phase towards 41500.

Bitcoin: Bearish Rectangle

BTC/USD, 4 hours    SHORT Mar 8
The price gives a bearish rectangle and BTC/USD calls for a more bearish impulse as a clue of a breakdown. A bearish rectangle is considered to be a reliable indicator that predicts the bulls have run out of steam when price breaks out to the the downside. BTC/USD to slide towards 22000 on a breakout of the bearish rectangle.

Bitcoin: Pennant

BTC/USD, 1 hour    SHORT Mar 14
There is a pennant uncovered, BTC/USD calls for a more active bearish action as a signal of a breakdown. A pennant is considered to be a specific signal that typically spots that the price to go down when price collapses through the support line. There is a probability of a bearish push down towards 72500.
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