Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price shapes a descending channel.
A descending channel spots extending an uptrend when price breaks above resistance.
A bullish run to 63500 is likely to happen on a break above 63200 as extra rangebound not ruled out.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel emerges and the price is close to breaking out now.
A descending channel provides a reliable formation that has a downward slope that spots extending an uptrend once price breaks through the resistance.
There is a possibility of a bullish continuation to 63500 as door open for the continuation of the uptrend.
RECTANGLE
Bitcoin
BTC/USD
1H
There is a rectangle exposed, the price requests pullback for clear breakdown confirmation.
A rectangle identifies an extension in the downward direction in case if price breaks below support.
There is a possibility of a further bearish move to 63000 as upside pressure alleviates.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
4H
A symmetrical triangle pops up and the price is ready to break out now.
A symmetrical triangle indicates an extension in the downward direction when price breaks through the support.
Btcusd to move downward towards 63500 on a breach of 63600 as upside pressure seen easing.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It seems like an ascending channel has been detected, the price is close to breaking out.
An ascending channel denotes a price formation with an upward bias that typically results in a move down when price breaks out to the the downside.
Btcusd set to fall to the 63500 level as door open for a test of 63500.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel revealed, btcusd lacks a more strong move as a verification of a breakdown.
An ascending channel is considered to be a price pattern that has an upward slope that typically indicates reversals in uptrends once price collapses through the support line.
There is a chance of a rangebound towards the 64000 mark on impulse below 64300.
RISING WEDGE
Bitcoin
BTC/USD
1H
A rising wedge is nearing completion and the price lacks a bigger correction as a sign of a breakdown.
A rising wedge is said to depict a compelling signal that is used to identify the more likely potential of falling prices once price breaks out.
Btcusd to nosedive to 64000.
FALLING WEDGE
Bitcoin
BTC/USD
1H
A falling wedge is close to being finished, the price is ready to break out.
A falling wedge identifies the bears have run out of steam in case if price breaks above resistance.
Btcusd could attempt a move to the 64200 zone.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
There is a descending channel recognized, btcusd wants a more strong bullish continuation as a clue of a breakout.
A descending channel is a useful chart signal that signals a bullish move once price breaks above resistance.
Btcusd looks ready to further extend its gains to 65000.
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