Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
A descending channel is very close to being completed.
If price breaks above resistance, the resulting move could spot an interruption of a downtrend.
Btcusd to surge considerably to the 72000 level.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
As we can see a descending channel is close to completion and btcusd needs a next steady move to confirm descending channel breakout.
A descending channel provides a compelling bullish price action pattern that has a downward slope that can be used to identify a break during a downtrending market if price breaks through the resistance.
A bullish continuation to 71500 is probable on a break above 71200.
BULLISH FLAG
Bitcoin
BTC/USD
1H
There is a bullish flag materializing, btcusd demands a further bullish continuation as a clue of a breakout.
When price breaks above resistance, the move could predict a break in the price direction.
Btcusd to enjoy a considerable gain towards 71000.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like a descending channel appears.
A descending channel often signals a pause in a downtrending market when price breaks through the resistance.
Btcusd to have better chances of advancing to 69500.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge detected.
When price breaks above resistance, the move could identify that the price will rally further.
Btcusd aims to complete a retracement to the 68500 level on a breach of 68200.
BEARISH FLAG
Bitcoin
BTC/USD
1D
There is a bearish flag occuring.
A bearish flag identifies a reliable bearish chart formation with an upward bias that typically indicates that the price to go short in case if price breaks through the support.
Btcusd is bearish and en route to the 66000 zone on a breach of 68000 amid the cryptocurrency recedes from recent highs.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel is close to being completed and the price wants a further bullish action as a clue of a breakout.
If price breaks through the resistance, the resulting move could predict a change in the prevailing trend.
Btcusd to grind higher towards 69500.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle happens and btcusd wants a more steady move to confirm a breakout.
An ascending triangle is a technical bearish pattern that often indicates the bulls have run out of steam in case if price breaks down.
Btcusd is at risk of extending its slump towards the 70000 zone.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle discovered.
A descending triangle often spots a bullish move if price breaks above resistance.
Btcusd risks a move towards the 71000 level once beyond 70700 as door open for a test of 71000.
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