As we can see the price forms an ascending triangle.
If price breaks below support, the move could indicate an extension in the downward direction.
BTC/USD could extend its slump to 25800 while lower than 25830.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Apr 25
There is a descending channel revealed.
A descending channel represents a specific bullish indicator that is used to predict an interruption of a downtrend in case if price breaks above resistance.
BTC/USD does not rule out a move to 27600 on a breach of 27550.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Jul 23
There is a descending triangle taking place, BTC/USD lacks more bigger rise as a sign of a breakout.
In case if price breaks out to the the upside, the move could predict that the price to go long.
BTC/USD to extend its rebound towards the 30000 mark.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
LONG
Jan 7
It looks like an ascending triangle has been uncovered and the price is ready to break out.
An ascending triangle suggests a useful price action formation that results in that the price to go up when price breaks out.
BTC/USD tests a move towards the 44400 level once above 44200 as the cryptocurrency probes 44200 hurdle.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Feb 7
There is a descending triangle detected, the price demands a more strong move for clear breakout confirmation.
A descending triangle typically predicts an extension in the upward direction once price breaks through the resistance.
A rangebound to 43400 looks likely on a breakout of the descending triangle as bullish momentum increases.
Bitcoin: Symmetrical Triangle
BTC/USD,
1 hour
SHORT
Apr 2
We can see that BTC/USD establishes a symmetrical triangle, the price is going to break out soon.
A symmetrical triangle tends to be a specific chart indicator that can be used to signal an extension in the downward direction once price breaks below support.
There is a probability of decline to 28300 as the cryptocurrency challenges 28380 hurdle.
Bitcoin: Rising Wedge
BTC/USD,
1 hour
SHORT
Aug 29
As we can see a rising wedge develops, the price is ready to break out soon.
If price breaks out, the resulting move could identify extending an downtrend.
BTC/USD risks extra downside towards 25900 on a breach of 26000.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Jul 24
There is an ascending channel detected.
When price breaks below support, the move could signal a bearish move.
BTC/USD turns bearish to 29800 on a breakout of the ascending channel.
Bitcoin: Descending Channel
BTC/USD,
4 hours
LONG
Apr 10
As we can see BTC/USD shows a descending channel, the price is close to breaking out.
Once price breaks out, the resulting move could identify reversals in downtrends.
BTC/USD is bullish and en route to the 28400 zone on a break above 28300.
Bitcoin: Descending Channel
BTC/USD,
1 day
LONG
Feb 3
We can see that a descending channel pops up and the price lacks a bit more consolidation as an information of a breakout.
A descending channel often indicates a next move up if price breaks above resistance.
BTC/USD targets a move towards 44000 once beyond 43500 as BTC/USD becomes bullish.
Bitcoin: Ascending Channel
BTC/USD,
4 hours
SHORT
May 8
It looks like an ascending channel has been detected and the price is ready to break out now.
In case if price collapses through the support line, the move could spot a bearish price move.
BTC/USD to suffer a steeper decline towards the 28500 zone on a breach of 28700.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Nov 13
An ascending triangle is nearing completion and the price lacks further fall as an information of a breakout.
An ascending triangle depicts a bearish indicator that results in the bulls have run out of steam in case if price breaks down.
Decline to the 37000 mark looks probable as the cryptocurrency nears 37120 hurdle.
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Bitcoin · BTC/USD