BTC/USD gives a falling wedge.
A falling wedge provides a useful price action formation that has a downward slope that identifies price reversal after a pause if price breaks out to the the upside.
BTC/USD to move up towards 26500.
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.
Bitcoin: Ascending Channel
BTC/USD,
4 hours
SHORT
Mar 14
An ascending channel appears.
An ascending channel is said to depict a reliable bearish chart formation that can be used to spot a further move down if price breaks through the support.
BTC/USD to head towards 70000 on a breach of 70500 as minor hurdle remains at 70500.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Mar 27
It seems like an ascending channel is close to being complete and the price lacks a more bearish move to confirm ascending channel breakdown.
In case if price collapses through the support line, the resulting move could signal that the price to go down.
A bearish push down towards 27600 looks possible as there is a chance for a downside correction.
Bitcoin: Rectangle
BTC/USD,
1 hour
LONG
Mar 12
A rectangle is very close to being completed, BTC/USD lacks a more strong move as an information of a breakout.
If price breaks out, the move could spot extending an uptrend.
BTC/USD looks ready to further extend its gains towards the 20600 mark as door open for a test of 20600.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
4 days ago
There is an ascending channel found and the price asks for a strong move as proof of a breakdown.
An ascending channel identifies a bearish move once price breaks below support.
It is possible that a bearish price action to the 63000 mark will be made as downtrend may continue.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
May 30
There is an ascending triangle poping up, the price expects more strong push down for clear breakout confirmation.
An ascending triangle often indicates a next move down in case if price breaks out.
It is possible that decline towards 27700 will happen on a breach of 27780.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Mar 14
There is an ascending triangle materializing.
An ascending triangle represents a compelling bearish chart signal that signals a next move down when price breaks out to the the downside.
BTC/USD to suffer further downside towards the 72500 zone on impulse below 73100 as indicators turn bearish.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Dec 31
There is a descending channel distinguished.
A descending channel typically results in the more likely potential of rising prices in case if price breaks through the resistance.
BTC/USD now looks towards the 43000 mark.
Bitcoin: Bullish Rectangle
BTC/USD,
1 hour
LONG
May 14
A bullish rectangle arises, the price is breaking out.
A bullish rectangle is a useful chart pattern that can be used to signal that the price to go up in case if price breaks above resistance.
A move towards 27000 looks likely.
Bitcoin: Symmetrical Triangle
BTC/USD,
1 hour
LONG
Dec 5
We can see that a symmetrical triangle is nearing completion, the price lacks a bit more consolidation as a signal of a breakout.
A symmetrical triangle typically signals the more likely potential of rising prices if price breaks above resistance.
There is a probability of a further bullish push up to 42000 on a breach of 41850.
Bitcoin: Pennant
BTC/USD,
1 hour
LONG
Feb 12
It looks like a pennant is recognized.
A pennant often signals a sharp rise if price breaks out.
It is not ruled out that a bullish push up towards 48400 will occur on a break above 48300 as the wind continues blowing in favor of BTC/USD.
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