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: Rectangle
BTC/USD,
4 hours
SHORT
Feb 24
A rectangle is very close to being completed, BTC/USD expects a move as a verification of a breakout.
A rectangle is a technical chart indicator that often spots extending an downtrend in case if price breakdown occurs.
BTC/USD risks a correction to the 94000 zone while below 95000 as the cryptocurrency loses bullish momentum.
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: Descending Triangle
BTC/USD,
1 day
SHORT
Feb 19
There is a descending triangle coming out.
A descending triangle describes a compelling bearish signal that can be used to indicate a bearish move in case if price collapses through the support line.
BTC/USD could recede to the 90000 mark on impulse below 95000.
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.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Mar 18
An ascending channel appears and BTC/USD asks for a move as a clue of a breakdown.
If price breaks out, the resulting move could identify a bearish price move.
A bearish push down to 66000 is likely to happen on a downside break.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Bitcoin · BTC/USD