It seems like an ascending channel emerges, the price expects a next strong move as evidence of a breakout.
An ascending channel is considered to be a useful price action signal that is used to identify a break in the price direction when price breaks down.
BTC/USD risks further downside towards 61000 on impulse below 61800 as the cryptocurrency becomes capped.
Bitcoin: Rectangle
BTC/USD,
4 hours
LONG
May 15
The price establishes a rectangle.
A rectangle suggests a useful bullish price pattern that is used to signal a bullish price action once price breaks out.
BTC/USD to extend its rebound to 64000 as the cryptocurrency becomes supported.
Bitcoin: Bullish Flag
BTC/USD,
1 hour
LONG
Mar 28
A bullish flag is discovered, the price needs a further steady move as proof of a breakout.
A bullish flag is believed to be a useful chart indicator that is used to spot that the price to go long in case if price breaks out to the the upside.
BTC/USD is bullish and en route to 70000.
Bitcoin: Falling Wedge
BTC/USD,
4 hours
LONG
Nov 3
A falling wedge pops up and BTC/USD requests a more move for the certainty of breakout.
A falling wedge typically results in a move up in case if price breaks out.
It is likely that a bullish move towards 70000 will happen as there is a chance for a upside correction.
Bitcoin: Pennant
BTC/USD,
1 hour
SHORT
May 7
There is a pennant poping up, the price is ready to break out.
A pennant describes a useful indicator that can be used to predict that the price to go short in case if price breakdown occurs.
BTC/USD targets a move to 28800 as BTC/USD is at a brink of a bearish breakout.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
May 1
It seems like an ascending channel turns up and the price is going to break out now.
An ascending channel often results in a move down once price breaks out to the the downside.
BTC/USD is bearish and en route to 29000.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Dec 8
It looks like a descending triangle is close to being done, BTC/USD requests a more active bullish move to confirm a breakout.
A descending triangle identifies that prices are likely to keep rallying upward when price breaks through the resistance.
A bullish push up towards 43600 about to be made.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Dec 24
There is an ascending triangle emerging.
An ascending triangle denotes a technical price formation that can be used to indicate that the price to go short once price breaks down.
BTC/USD to plummet towards the 43400 zone as the cryptocurrency is at a brink of a bearish breakout.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Mar 24
It looks like the price gives an ascending triangle, the price expects a more bullish continuation as an information of a breakout.
An ascending triangle signals extending an uptrend if price breaks above resistance.
A rangebound towards the 66000 level about to be made.
Bitcoin: Falling Wedge
BTC/USD,
1 hour
LONG
Apr 25
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: Symmetrical Triangle
BTC/USD,
4 hours
LONG
Sep 17
A symmetrical triangle emerges.
A symmetrical triangle can be thought of as a technical bullish chart signal that can be used to identify a sharp rise once price breaks out.
It is not ruled out that a further rangebound towards 60500 will take place.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Oct 6
There is an ascending triangle observed.
When price breaks out to the the upside, the resulting move could identify that the price to go up.
BTC/USD pushes higher to the 62400 zone as extra rangebound not ruled out.
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Bitcoin · BTC/USD