Open:
High:
Low:
Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
Btcusd forms a descending channel, the price is breaking out.
A descending channel identifies a bullish price action when price breaks out.
There is a chance of a move to 90000.
BEARISH FLAG
Bitcoin
BTC/USD
1D
As we can see a bearish flag is very close to being completed, the price is close to breaking out now.
A bearish flag typically signals a temporary interruption of an existing trend if price breaks out.
Btcusd to extend its slide to 92000.
RECTANGLE
Bitcoin
BTC/USD
1H
It looks like a rectangle is observed and the price asks for a next bearish continuation for the certainty of breakout.
A rectangle suggests a useful bearish price signal that spots that the price to go down in case if price breaks out to the the downside.
Btcusd points to the downside to 94800 on a breach of 94900.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
We can see that btcusd develops a descending triangle.
A descending triangle typically signals the bears have run out of steam once price breaks above resistance.
Btcusd risks a move to 95600 as downside pressure mitigates.
FALLING WEDGE
Bitcoin
BTC/USD
1H
There is a falling wedge spotted and the price lacks a further steady move as evidence of a breakout.
A falling wedge typically signals a further move up in case if price breaks through the resistance.
Btcusd to extend its rebound to 95400 as btcusd challenges 95200 hurdle.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle forming, the price is about to break out.
An ascending triangle is a specific indicator that is used to predict the more likely potential of falling prices when price collapses through the support line.
There is a probability of a move to 95200.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
There is an ascending channel emerging and the price is going to break out.
An ascending channel is considered to be a useful bearish price indicator that typically predicts that the price to go short once price breaks through the support.
Btcusd to extend its setback towards the 94000 zone as gains remain capped.
PENNANT
Bitcoin
BTC/USD
1H
A pennant is almost completed and the price is breaking out.
A pennant is believed to be a price action indicator that is used to spot the more likely potential of rising prices if price breaks above resistance.
Btcusd to have better chances of advancing towards the 95600 level as bulls looking for profit.
PENNANT
Bitcoin
BTC/USD
1H
A pennant develops and the price is ready to break out.
A pennant typically indicates a bearish move when price breaks out to the the downside.
There is a possibility of a move towards 95000 on a breakout of the pennant as bears look for entries.
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