BTC/USD gives a bullish flag and the price demands an active move as a clue of a breakout.
A bullish flag represents a reliable chart signal that is used to indicate a sharp rise in case if price breaks above resistance.
It is not ruled out that a bullish move towards the 51800 level will form on a breach of 51550.
Bitcoin: Pennant
BTC/USD,
1 hour
LONG
Jul 21
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: Descending Channel
BTC/USD,
1 day
LONG
Sep 17
A descending channel occurs, btcusd demands a more steady impulse up as evidence of a breakout.
A descending channel often predicts a move up when price breaks out to the the upside.
A bullish continuation to 120000 is probable.
Bitcoin: Rectangle
BTC/USD,
1 hour
SHORT
May 23
A rectangle is nearing completion.
A rectangle tends to be a reliable price pattern that can be used to indicate that the price to go short if price breaks out to the the downside.
BTC/USD to increase bearish potential to 110000.
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: Bearish Flag
BTC/USD,
4 hours
SHORT
5 days ago
Btcusd composes a bearish flag and the price wants a more active move as proof of a breakout.
A bearish flag describes a compelling chart pattern that results in extending an downtrend once price breaks through the support.
There is a probability of a bearish move to the 90000 level on a breach of 90500.
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.
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