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RISING WEDGE
Bitcoin
BTC/USD
1H
Btcusd creates a rising wedge.
A rising wedge suggests a specific price pattern that is angled up that is used to identify extending an downtrend if price breaks below support.
There is a probability of corrective downside towards 78500.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like a descending channel takes place, the price requests a bit more consolidation as a clue of a breakout.
A descending channel often results in an extension in the upward direction if price breaks out to the the upside.
It is not ruled out that a bullish price action to the 79000 mark will be made.
PENNANT
Bitcoin
BTC/USD
4H
There is a pennant discovered and the price needs a further impulse down for clear breakdown confirmation.
A pennant is a reliable price pattern that can be used to indicate an extension in the downward direction once price breaks through the support.
There is a probability of decline to 78000.
FALLING WEDGE
Bitcoin
BTC/USD
1H
It seems like btcusd gives a falling wedge and btcusd demands a move as a verification of a breakout.
A falling wedge depicts a technical price signal that is used to identify reversals in downtrends in case if price breaks through the resistance.
A bullish continuation to 79500 is likely to happen.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is close to being finished, the price is breaking out.
If price breaks out, the resulting move could signal a sharp decline.
Btcusd accelerates losses to the 79400 level as btcusd becomes weak.
BEARISH FLAG
Bitcoin
BTC/USD
1H
It looks like a bearish flag is close to being complete and the price wants a bigger correction for clear breakout confirmation.
A bearish flag typically results in a move down once price breakdown occurs.
It is not ruled out that decline to the 79400 zone will take place on a breakout of the bearish flag as btcusd sticks to the negative mood.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel occurs and the price is ready to break out now.
A descending channel is believed to be a specific bullish chart indicator that predicts that the price to go long when price breaks through the resistance.
There is a possibility of a move towards the 80200 level on a breach of 79950.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It seems like an ascending triangle appears, btcusd lacks a strong bearish continuation for the certainty of breakout.
An ascending triangle is considered to be a technical formation that typically results in the bulls have run out of steam if price breaks out to the the downside.
Btcusd to prolong the corrective phase towards the 79800 zone as btcusd looks offered.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge distinguished.
If price breaks below support, the resulting move could indicate an extension in the downward direction.
Btcusd points to the downside to 79600 on impulse below 79700.
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