Open:
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DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is a descending triangle coming out.
If price breaks through the resistance, the move could predict a sharp rise.
There is a chance of a bullish push up to the 91500 mark.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
There is an ascending triangle arising.
In case if price breaks through the support, the move could signal that the price to go down.
Btcusd to experience further corrective weakness towards 89500 on a breach of 90000.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel has been detected and btcusd requires a move as an indication of a breakout.
A descending channel represents a technical bullish signal that can be used to indicate that the price to go long if price breaks above resistance.
Btcusd to have better chances of advancing towards 91500 as downside pressure alleviates.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
As we can see a descending channel materializes, the price is going to break out.
A descending channel often identifies the bears have run out of steam if price breaks above resistance.
Btcusd to increase bullish potential towards the 91000 zone on a upside break.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel has been found.
Once price breaks below support, the resulting move could predict a further move down.
It is likely that a bearish continuation towards the 91000 mark will occur on a breakdown of the ascending channel.
RISING WEDGE
Bitcoin
BTC/USD
4H
A rising wedge is almost completed.
A rising wedge depicts a bearish price action signal that often results in an upward trend is nearing its end if price breaks out to the the downside.
Btcusd to turn bearish towards the 90000 level on a downside break as upside pressure alleviates.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
There is a symmetrical triangle identified, the price is ready to break out.
If price breaks out to the the downside, the resulting move could spot prices are likely to keep falling downward.
A bearish push down to 93000 is likely to happen as weakness continues.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant occuring.
A pennant is considered to be a useful price pattern that often signals the bears have run out of steam once price breaks out.
Btcusd to strengthen to 94000.
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is an ascending channel detected.
An ascending channel represents a useful pattern that can be used to indicate a next move down when price breaks below support.
Btcusd is at risk of resuming its decline towards 93000 as weakness continues.
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