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.
Bitcoin: Rising Wedge
BTC/USD,
1 hour
SHORT
2 days ago
It looks like BTC/USD completes a rising wedge, BTC/USD wants a more strong bearish impulse as a clue of a breakout.
A rising wedge tends to be a compelling chart formation that identifies that prices move counter to the prevailing price trend in case if price collapses through the support line.
BTC/USD points to the downside towards the 79000 zone as bears look for entries.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Jul 21
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: Ascending Channel
BTC/USD,
1 hour
SHORT
Oct 21
An ascending channel arises and the price is ready to break out.
An ascending channel can be thought of as a reliable bearish signal that is used to predict a further move down in case if price breakdown occurs.
It is not ruled out that a rangebound to the 68600 zone will take place.
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: 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
Jan 10
There is a descending channel taking place and the price requires a further steady bullish action as a verification of a breakout.
In case if price breaks out to the the upside, the resulting move could signal a bullish price action.
It is not ruled out that a bullish continuation to the 95000 zone will happen as the cryptocurrency becomes supported.
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: 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: 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.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Bitcoin · BTC/USD