BTC/USD completes an ascending channel.
An ascending channel typically identifies a further move down in case if price breaks out.
A bearish run towards 66600 looks likely on a breakout of the ascending channel.
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: Ascending Channel
BTC/USD,
1 hour
SHORT
Oct 31
BTC/USD forms an ascending channel.
An ascending channel often spots an upward trend is about to reverse into an downward trend once price breaks below support.
BTC/USD to maintain its negative tone to 72000 as door open for a test of 72000.
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 Channel
BTC/USD,
1 hour
SHORT
May 6
It looks like the price shapes an ascending channel, the price is breaking out.
An ascending channel depicts a specific indicator that typically results in a sharp decline in case if price breaks through the support.
A bearish push down towards the 63500 zone is probable as bears looking for profit.
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: Bullish Flag
BTC/USD,
1 hour
LONG
Oct 20
It looks like a bullish flag is almost done, the price calls for a bullish impulse as an information of a breakout.
A bullish flag represents an indicator that often predicts a bullish price move if price breaks out to the the upside.
A bullish continuation to 68400 is likely to happen once beyond 68360.
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: Bullish Flag
BTC/USD,
1 hour
LONG
Sep 18
A bullish flag is nearing completion, BTC/USD demands a next active move for the certainty of breakout.
A bullish flag depicts a useful bullish price action pattern with a downward bias that spots a bullish price action if price breaks through the resistance.
There is a chance of a bullish move towards 61000.
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.
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Bitcoin · BTC/USD