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Low:
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BEARISH FLAG
Bitcoin
BTC/USD
1H
The price shapes a bearish flag, the price breaks out now.
A bearish flag typically signals a next move down when price breaks out.
Btcusd to extend its slide towards the 63500 mark as bears looking for downside correction.
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle has been detected, btcusd asks for bigger rise as a sign of a breakout.
A rectangle represents a reliable bullish formation that is used to signal an extension in the upward direction if price breaks out to the the upside.
There is a possibility of a move towards 64200 on impulse above 64100 as btcusd nears 64100 hurdle.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel is close to being complete, the price expects next strong pullback as a signal of a breakdown.
An ascending channel is said to depict a technical price action formation that results in a countertrend succeeding the current trend in case if price breaks below support.
There is a probability of a bearish price action towards 64400 on a break below 64500 as door open for a test of 64400.
BEARISH FLAG
Bitcoin
BTC/USD
1H
There is a bearish flag diagnosed.
A bearish flag identifies a compelling price formation that has an upward slope that typically indicates a bearish price move once price breaks out to the the downside.
Btcusd is at risk of extending its slump towards the 64500 mark.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel distinguished, the price is ready to break out.
When price breaks through the support, the move could indicate a bearish price action.
Decline to the 65000 zone is going to happen on a break below 65100 as bears seeking a new low.
FALLING WEDGE
Bitcoin
BTC/USD
4H
As we can see the price builds a falling wedge.
If price breaks through the resistance, the move could predict that the price to go long.
There is a probability of a bullish price action to the 65000 zone on a breakout of the falling wedge as weakness seen overdone.
RISING WEDGE
Bitcoin
BTC/USD
1H
We can see that a rising wedge is close to being finished.
Once price collapses through the support line, the move could identify an extension in the downward direction.
Btcusd is at risk of extending its slump to the 64400 zone.
RECTANGLE
Bitcoin
BTC/USD
1H
As we can see a rectangle is close to being finished and the price is close to breaking out soon.
A rectangle is believed to be a bullish price action signal that is used to predict an extension in the upward direction in case if price breaks through the resistance.
Btcusd advances higher towards the 64500 level once beyond 64450.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle has been distinguished, the price requests further bigger push down as proof of a breakdown.
Once price breaks below support, the move could identify the bulls have run out of steam.
It is not ruled out that extra downside towards 63500 will occur.
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