There is a falling wedge turning up, the price lacks a more bigger move for clear breakout confirmation.
Once price breaks out to the the upside, the move could indicate price reversal after a pause.
A bullish price action to 27600 is likely to happen amid the cryptocurrency reclaims part of the ground lost.
Bitcoin: Pennant
BTC/USD,
1 hour
LONG
Jul 2
There is a pennant materializing, BTC/USD demands a next active move as evidence of a breakout.
A pennant typically results in the more likely potential of rising prices when price breaks out to the the upside.
There is a possibility of a bullish continuation towards the 30600 mark on a breach of 30550.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Oct 19
There is a descending channel identified.
In case if price breaks out to the the upside, the resulting move could indicate a further move up.
It is likely that a bullish price action towards the 29000 zone will occur.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Oct 23
There is a descending channel turning up and the price expects a next bigger move for the certainty of breakout.
A descending channel describes a compelling price pattern that has a downward slope that spots that the price to go long if price breaks above resistance.
A bullish move towards 30200 looks possible.
Bitcoin: Falling Wedge
BTC/USD,
4 hours
LONG
Feb 24
As we can see the price creates a falling wedge.
A falling wedge is a useful pattern with a downward bias that indicates the more likely potential of rising prices in case if price breaks out.
A bullish push up to 51500 is probable as the cryptocurrency nears 51100 hurdle.
Bitcoin: Ascending Triangle
BTC/USD,
4 hours
LONG
Feb 7
There is an ascending triangle occuring, the price is about to break out soon.
If price breaks through the resistance, the move could spot that the price to go up.
It is not ruled out that a move towards 43400 will take place on a break above 43300 as extra rangebound not ruled out.
Bitcoin: Ascending Triangle
BTC/USD,
4 hours
LONG
Apr 10
It seems like an ascending triangle has been recognized, BTC/USD demands an active move as an indication of a breakout.
An ascending triangle describes a reliable price action formation that typically predicts a further move up when price breaks through the resistance.
BTC/USD to move upward to 28800.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Mar 3
It seems like the price establishes a descending channel.
In case if price breaks above resistance, the resulting move could identify a bullish price action.
There is a possibility of a rangebound towards the 62200 level on a breakout of the descending channel.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Nov 21
There is an ascending channel turning up.
An ascending channel denotes a specific chart signal that is used to spot a tendency to break in the opposite direction when price breaks out.
BTC/USD still risks a move to the 37200 level on a breakout of the ascending channel amid BTC/USD recedes from recent highs.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Mar 8
An ascending triangle comes out and the price is going to break out now.
Once price collapses through the support line, the move could predict a sharp decline.
A move to 66500 is on the cards on impulse below 67100 as BTC/USD becomes bearish.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Nov 21
There is an ascending channel discovered.
An ascending channel signals a further move down once price breaks below support.
BTC/USD to extend its setback towards 37200 as risk reversal sheds bullish bias.
Bitcoin: Rectangle
BTC/USD,
1 hour
SHORT
May 11
There is a rectangle arising.
A rectangle typically identifies a next move down when price collapses through the support line.
BTC/USD challenges a move towards the 27200 level as extra rangebound not ruled out.
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Bitcoin · BTC/USD