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: Ascending Channel
BTC/USD,
1 hour
SHORT
Jan 26
An ascending channel has been determined, the price wants a more steady bearish continuation as a sign of a breakdown.
If price breaks down, the resulting move could indicate a further move down.
It is likely that corrective downside to the 104400 mark will happen.
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
SHORT
Apr 12
There is an ascending triangle encountered, the price breaks out now.
An ascending triangle tends to be a useful bearish pattern that can be used to spot a temporary interruption of an existing trend if price collapses through the support line.
There is a possibility of a move to 70000.
Bitcoin: Falling Wedge
BTC/USD,
1 hour
LONG
Oct 6
There is a falling wedge materializing.
A falling wedge identifies a bullish price action in case if price breaks above resistance.
BTC/USD points to the upside towards 62200 as the cryptocurrency resumes the upside.
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
Sep 22
There is a rectangle detected and the price is close to breaking out.
A rectangle spots a bearish price action if price breaks down.
There is a chance of a bearish move to 62600 on a breakdown of the rectangle as the cryptocurrency sticks to the negative mood.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Jan 26
As we can see the price creates an ascending triangle.
An ascending triangle tends to be a chart formation that typically signals an extension in the downward direction when price breakdown occurs.
BTC/USD is at risk of resuming its decline towards the 104600 mark while below 104750 as upside pressure seen easing.
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: Ascending Channel
BTC/USD,
1 hour
SHORT
Jul 22
There is an ascending channel detected, BTC/USD calls for a bigger correction as an indication of a breakout.
An ascending channel is believed to be a technical indicator that typically predicts price heading to a new direction once price breaks out to the the downside.
BTC/USD could recede towards 66500 on a breach of 66900 as BTC/USD becomes weaker.
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.
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Bitcoin · BTC/USD