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: Descending Channel
BTC/USD,
4 hours
LONG
2 days ago
A descending channel is distinguished and the price requests a further active bullish move to confirm descending channel breakout.
A descending channel is said to depict a bullish price formation that is used to identify a downward trend is about to reverse into an upnward trend in case if price breaks out.
BTC/USD to look for a further push to the 83000 mark.
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: Bearish Flag
BTC/USD,
1 hour
SHORT
Jun 11
BTC/USD gives a bearish flag.
A bearish flag represents a chart pattern that spots price heading to a new direction when price collapses through the support line.
BTC/USD embarks on a bearish correction to 69400 on a breakout of the bearish flag.
Bitcoin: Bullish Flag
BTC/USD,
1 hour
LONG
Dec 8
It looks like a bullish flag arises, the price is close to breaking out soon.
A bullish flag is believed to be a specific indicator that is used to signal price reversal after a pause if price breaks out.
A rangebound towards the 43600 level is probable on impulse above 43500.
Bitcoin: Rectangle
BTC/USD,
1 hour
LONG
Jun 2
As we can see a rectangle appears, the price requests a strong bullish impulse as a verification of a breakout.
In case if price breaks above resistance, the resulting move could spot a further move up.
BTC/USD to surge considerably to 68000.
Bitcoin: Descending Triangle
BTC/USD,
4 hours
SHORT
Dec 3
A descending triangle is almost completed and the price is ready to break out now.
A descending triangle indicates that the price to go short once price collapses through the support line.
BTC/USD tests a move towards 94000 as gains remain capped.
Bitcoin: Symmetrical Triangle
BTC/USD,
1 hour
LONG
Jan 1
It seems like a symmetrical triangle has been diagnosed and the price asks for a next move as a signal of a breakout.
If price breaks through the resistance, the resulting move could identify the more likely potential of rising prices.
BTC/USD embarks on a bullish correction towards the 42800 level.
Bitcoin: Ascending Channel
BTC/USD,
4 hours
SHORT
Feb 23
BTC/USD builds an ascending channel.
An ascending channel tends to be a useful pattern that can be used to indicate a move down in case if price breaks out to the the downside.
It is likely that a further bearish price action towards 95000 will be made as the mood may get worse.
Bitcoin: Rectangle
BTC/USD,
1 hour
SHORT
Dec 10
There is a rectangle encountered.
In case if price breaks out to the the downside, the move could indicate a sharp decline.
BTC/USD to continue the dereciation trend to the 43600 level while below 43650.
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