Open:
High:
Low:
Close:
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
It looks like an ascending channel is detected and the price is close to breaking out soon.
In case if price breaks down, the resulting move could signal that the price to go down.
A further bearish move towards the 70000 zone is likely.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
It seems like a symmetrical triangle turns up.
Once price breaks above resistance, the resulting move could identify that prices are likely to keep rallying upward.
A bullish move to 71000 is likely to happen.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel revealed, the price is about to break out soon.
An ascending channel is considered to be a specific bearish formation that typically results in that the price to go down when price breaks down.
Extra downside to the 69000 zone is possible on a breakout of the ascending channel as weakness continues.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is an ascending triangle observed, the price is going to break out soon.
An ascending triangle identifies a specific indicator that typically predicts the more likely potential of falling prices in case if price breaks below support.
Btcusd to suffer further downside to the 69000 zone as bears looking for profit.
BULLISH FLAG
Bitcoin
BTC/USD
1H
It looks like a bullish flag is very close to being finished and the price expects a move as an information of a breakout.
A bullish flag suggests a technical signal that often signals an extension in the upward direction once price breaks out.
A move towards 71000 is not ruled out.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It looks like a descending triangle materializes, the price is breaking out.
A descending triangle indicates prices are likely to keep falling downward once price breaks through the support.
It is not ruled out that a further bearish continuation towards 69000 will take place as the mood may get worse.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel arises.
When price breaks through the support, the resulting move could predict a countertrend succeeding the current trend.
Btcusd risks further decline towards 69000 on a breakdown of the ascending channel as btcusd sticks to the negative mood.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge appearing and btcusd asks for a further strong correction as evidence of a breakdown.
When price collapses through the support line, the move could predict extending an downtrend.
There is a possibility of a further bearish price action towards the 69000 mark while lower than 70000.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge coming out.
A rising wedge describes a useful bearish signal that signals a next move down in case if price breaks below support.
Btcusd risks extra downside to 68000.
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