A descending triangle has been recognized, the price is about to break out.
If price breaks through the resistance, the move could indicate a temporary interruption during a falling market.
BTC/USD dives out bearish trendline towards 41500 on a breach of 41300 amid BTC/USD reclaims part of the ground lost.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Oct 6
There is a descending channel appearing and the price breaks out now.
A descending channel is said to depict a compelling bullish price indicator that signals a bullish price move in case if price breaks out to the the upside.
There is a possibility of a bullish price action towards 27800 on a breakout of the descending channel as risk reversal sheds bearish bias.
Bitcoin: Rising Wedge
BTC/USD,
1 hour
SHORT
Aug 27
A rising wedge happens.
A rising wedge can be thought of as a price action formation that is angled up that identifies a break in the price direction when price breaks below support.
BTC/USD to push down towards 26050.
Bitcoin: Falling Wedge
BTC/USD,
1 hour
LONG
Oct 31
It seems like a falling wedge pops up.
When price breaks above resistance, the resulting move could signal that the price to go long.
There is a chance of a rangebound towards the 34600 level on a breach of 34500.
Bitcoin: Ascending Channel
BTC/USD,
4 hours
SHORT
Jul 12
We can see that an ascending channel has been revealed.
An ascending channel denotes a reliable price action formation with an upward bias that is used to identify a move down once price breakdown occurs.
Corrective downside to the 30200 zone is going to happen on impulse below 30400.
Bitcoin: Pennant
BTC/USD,
4 hours
LONG
Feb 5
There is a pennant taking place.
A pennant represents a reliable signal that identifies that prices are likely to keep rallying upward once price breaks through the resistance.
BTC/USD advances higher to the 43500 mark on a breakout of the pennant amid the cryptocurrency reclaims part of the ground lost.
Bitcoin: Rectangle
BTC/USD,
4 hours
SHORT
Apr 17
BTC/USD composes a rectangle.
A rectangle typically results in the more likely potential of falling prices when price breakdown occurs.
Corrective downside towards 29600 is possible while below 29750 amid BTC/USD recedes from tops.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Mar 28
A descending channel happens.
A descending channel results in a potential reversal in price action if price breaks out to the the upside.
BTC/USD hints a change to the upside to 27500.
Bitcoin: Descending Triangle
BTC/USD,
1 hour
LONG
Oct 15
There is a descending triangle coming out, the price wants a bit more consolidation as a signal of a breakout.
A descending triangle indicates a bullish move when price breaks out.
BTC/USD could attempt a move towards the 27000 mark on a breach of 26880 as bullish momentum increases.
Bitcoin: Symmetrical Triangle
BTC/USD,
1 hour
LONG
Mar 16
There is a symmetrical triangle occuring.
Once price breaks through the resistance, the resulting move could spot that prices are likely to keep rallying upward.
A further bullish run towards 24800 is on the cards on a breakout of the symmetrical triangle.
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 Triangle
BTC/USD,
1 hour
SHORT
Jun 14
It seems like an ascending triangle is determined and the price is ready to break out soon.
An ascending triangle represents a compelling bearish price action signal that can be used to signal that the price to go down once price breaks down.
BTC/USD risks potential downside to 25800 once below 25900.
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