There is a descending channel appearing, the price wants a more active move for clear breakout confirmation.
A descending channel often results in a bearish price move when price breaks below support.
BTC/USD risks extra losses towards 43500.
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
Oct 18
There is a descending channel encountered, the price is close to breaking out soon.
A descending channel typically identifies reversals in downtrends when price breaks out to the the upside.
Btcusd hints a change to the upside towards the 108000 level.
Bitcoin: Rectangle
BTC/USD,
1 hour
LONG
2 days ago
A rectangle is identified, btcusd calls for a next move for clear breakout confirmation.
A rectangle is a technical pattern that can be used to predict that prices are likely to keep rallying upward when price breaks above resistance.
There is a possibility of a bullish price action towards 87500 once above 87200.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Feb 20
There is an ascending channel diagnosed.
An ascending channel often indicates the bulls have run out of steam if price breaks out to the the downside.
A bearish price action to 51600 looks probable while lower than 51800 as there is a chance for a downside correction.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Jan 5
The price sets up a descending triangle, BTC/USD demands a next active move to confirm a breakout.
When price breaks through the resistance, the resulting move could indicate that the price to go up.
BTC/USD advances higher towards 98400 amid the cryptocurrency recovers from recent lows.
Bitcoin: Bearish Flag
BTC/USD,
1 hour
SHORT
4 days ago
A bearish flag emerges and the price requests a bigger correction as a verification of a breakout.
A bearish flag is believed to be a compelling formation that often predicts the bulls have run out of steam when price breaks below support.
Btcusd set to fall towards the 91200 zone.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
SHORT
Mar 9
There is a descending triangle developing and the price is ready to break out soon.
A descending triangle is considered to be a compelling bearish signal that can be used to signal that the price to go down when price breaks through the support.
It is possible that a bearish continuation to 85500 will be made.
Bitcoin: Rising Wedge
BTC/USD,
1 hour
SHORT
Jan 7
A rising wedge is diagnosed, the price is ready to break out.
A rising wedge is considered to be a compelling chart indicator that typically spots that the price to go down if price breaks through the support.
A bearish move to 99000 is possible.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Jan 12
An ascending channel is close to completion, BTC/USD expects a more strong bearish impulse as an information of a breakdown.
An ascending channel represents a bearish formation that often spots a bearish price move when price breaks down.
There is a possibility of a bearish continuation towards the 93500 mark on a breakout of the ascending channel as indicators turn bearish.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Jun 23
There is an ascending triangle turning up, the price wants a bigger correction to confirm a breakdown.
An ascending triangle is believed to be a useful price action formation that is used to predict a sharp decline once price breaks down.
It is likely that corrective downside to the 64300 zone will take place on a breakout of the ascending triangle as bears seeking a new low.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Apr 25
We can see that an ascending triangle is close to being complete and the price is ready to break out.
An ascending triangle is considered to be a technical bullish price action formation that is used to indicate a further move up if price breaks out.
BTC/USD to continue higher towards 27800 as the cryptocurrency challenges 27650 hurdle.
Bitcoin: Ascending Channel
BTC/USD,
4 hours
SHORT
Oct 9
There is an ascending channel developing and the price is about to break out soon.
An ascending channel is considered to be a technical bearish signal that is used to indicate that the price to go short in case if price breaks out to the the downside.
Btcusd now looks towards the 121000 zone on a breach of 121500.
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