Open:
High:
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Close:
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
Btcusd completes a descending channel, btcusd needs a steady move to confirm descending channel breakout.
If price breaks out, the resulting move could indicate a move up.
There is a chance of a bullish move towards 62500 once above 62200.
PENNANT
Bitcoin
BTC/USD
4H
As we can see a pennant has been noticed and the price is going to break out soon.
A pennant often identifies a bearish price action if price collapses through the support line.
Btcusd does not rule out a move towards 62500 as door open for a test of 62500.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
1H
A descending triangle has been distinguished, the price is about to break out.
A descending triangle tends to be a useful price pattern that predicts a move down once price breaks down.
It is likely that corrective downside to the 63600 mark will be made once below 63700.
RISING WEDGE
Bitcoin
BTC/USD
4H
It seems like a rising wedge is revealed, the price is ready to break out.
A rising wedge describes a reliable price action indicator that is used to identify prices are likely to keep falling downward if price breaks down.
There is a chance of further decline to the 63500 level as risk reversal sheds bullish bias.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
The price creates a descending channel.
Once price breaks above resistance, the resulting move could identify a break during a downtrending market.
There is a probability of a move to 64200 as indicators turn bullish.
RISING WEDGE
Bitcoin
BTC/USD
1H
It looks like the price completes a rising wedge.
A rising wedge typically results in a bearish move once price breaks out.
Btcusd targets a move to the 64000 mark on a breach of 64250.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant turning up.
A pennant identifies a bullish price action in case if price breaks out.
Btcusd to resume its rise towards 64600 on a break above 64350 as door open for a test of 64600.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
It seems like an ascending triangle materializes and btcusd requires a next active move as an information of a breakout.
An ascending triangle describes a compelling price action signal that indicates that the price to go short if price breaks through the support.
Btcusd to move downward to the 64000 level on a breakout of the ascending triangle as risk reversal sheds bullish bias.
PENNANT
Bitcoin
BTC/USD
1H
The price composes a pennant.
A pennant describes a specific bullish price action indicator that typically results in a move up when price breaks through the resistance.
Btcusd aims to complete a retracement to the 64400 level on a breach of 64250 as btcusd becomes supported.
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