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.
Bitcoin: Pennant
BTC/USD,
1 hour
LONG
Jul 21
A pennant is uncovered and BTC/USD requests a next move as a signal of a breakout.
If price breaks out, the move could spot that prices are likely to keep rallying upward.
There is a chance of a bullish run to the 67200 level as downside pressure mitigates.
Bitcoin: Falling Wedge
BTC/USD,
1 hour
LONG
Sep 22
There is a falling wedge occuring and BTC/USD asks for a more active bullish move to confirm a breakout.
A falling wedge tends to be a useful price signal that can be used to predict an interruption of a downtrend when price breaks through the resistance.
BTC/USD to increase bullish potential to 63000 on a break above 62800.
Bitcoin: Bullish Flag
BTC/USD,
1 hour
LONG
May 15
A bullish flag is spotted and the price is about to break out now.
A bullish flag provides a technical bullish price formation that is angled down that indicates the bears have run out of steam if price breaks out to the the upside.
There is a possibility of a rangebound to the 62000 mark while above 61800.
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: Descending Channel
BTC/USD,
1 hour
LONG
May 20
It seems like a descending channel occurs and BTC/USD wants a next bigger move as a signal of a breakout.
A descending channel often predicts a bullish price action when price breaks out.
A move towards 67500 looks probable on a breach of 67200.
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: 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: 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.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Sep 18
A descending channel happens and the price is ready to break out soon.
A descending channel is considered to be a technical bullish chart pattern that has a downward slope that often identifies a bullish price move when price breaks out.
It is possible that a bullish push up to 26650 will happen once beyond 26590.
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Bitcoin · BTC/USD