A descending triangle has been encountered, the price is ready to break out soon.
A descending triangle suggests a specific bullish price action signal that indicates a bullish price action in case if price breaks out to the the upside.
It is not ruled out that a bullish price action towards 29400 will form once beyond 29340 as the cryptocurrency looks bid.
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
Jun 16
There is a descending channel detected, the price breaks out.
A descending channel typically signals a bullish price move in case if price breaks out to the the upside.
It is likely that a move to 26000 will be made.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Jun 9
It looks like an ascending triangle materializes and the price expects a further bigger move to confirm ascending triangle breakout.
An ascending triangle provides a compelling price action formation that typically results in the more likely potential of falling prices if price breaks through the support.
It is likely that a bearish continuation to the 26400 zone will happen on a breach of 26520.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Jul 30
The price shapes a descending triangle.
A descending triangle suggests a specific chart pattern that predicts a further move up once price breaks above resistance.
BTC/USD to head towards the 29400 mark on impulse above 29340.
Bitcoin: Pennant
BTC/USD,
1 hour
SHORT
Jun 5
There is a pennant uncovered, the price is close to breaking out.
A pennant is a specific chart pattern that results in extending an downtrend if price breaks down.
A further bearish run towards the 27000 zone stays on the cards as BTC/USD becomes weaker.
Bitcoin: Ascending Triangle
BTC/USD,
4 hours
LONG
Feb 6
An ascending triangle is diagnosed, the price is going to break out soon.
Once price breaks through the resistance, the move could indicate a further move up.
BTC/USD to continue the appreciation trend to the 43500 level while above 43300.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Mar 12
There is a descending triangle taking place and the price is ready to break out soon.
A descending triangle provides a compelling bullish price formation that identifies a move up in case if price breaks above resistance.
BTC/USD to jump to the 20600 zone.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Mar 16
We can see that an ascending triangle is revealed.
An ascending triangle predicts a bullish price move once price breaks out to the the upside.
BTC/USD to push up towards 25200 on a breach of 24950.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Aug 13
BTC/USD builds a descending channel and the price requests a next strong bullish impulse as a clue of a breakout.
A descending channel indicates price reversal after a pause when price breaks out.
BTC/USD to continue higher to 29440.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Sep 6
There is a descending triangle materializing and BTC/USD wants a further steady bullish impulse as a verification of a breakout.
A descending triangle identifies a useful pattern that typically predicts that the price to go long in case if price breaks out to the the upside.
It is not ruled out that a rangebound towards the 25900 level will occur.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Mar 29
It looks like BTC/USD sets up an ascending channel.
An ascending channel often results in a sharp decline in case if price breakdown occurs.
BTC/USD opens door for a move to the 70000 mark.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Jan 26
We can see that a descending triangle is close to being completed and the price requires a more bullish impulse to confirm a breakout.
In case if price breaks out to the the upside, the move could spot the more likely potential of rising prices.
There is a chance of a further bullish run towards 40200.
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Bitcoin · BTC/USD