A bullish flag is nearing completion, BTC/USD demands a next active move for the certainty of breakout.
A bullish flag depicts a useful bullish price action pattern with a downward bias that spots a bullish price action if price breaks through the resistance.
There is a chance of a bullish move towards 61000.
Bitcoin: Rectangle
BTC/USD,
1 hour
LONG
Oct 18
There is a rectangle found.
A rectangle is believed to be a reliable chart pattern that is used to signal a sharp rise in case if price breaks out to the the upside.
BTC/USD aims to complete a retracement towards the 68500 zone as downside pressure alleviates.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Mar 3
It seems like the price establishes a descending channel.
In case if price breaks above resistance, the resulting move could identify a bullish price action.
There is a possibility of a rangebound towards the 62200 level on a breakout of the descending channel.
Bitcoin: Bullish Flag
BTC/USD,
1 hour
LONG
May 14
There is a bullish flag turning up, the price wants a bit more consolidation as a signal of a breakout.
In case if price breaks through the resistance, the move could indicate that the price to go up.
It is not ruled out that a further move towards 62000 will occur on a breach of 61700.
Bitcoin: Rectangle
BTC/USD,
1 hour
SHORT
Jul 2
A rectangle is almost done and the price requires a next steady move for the certainty of breakdown.
A rectangle typically results in a next move down once price breaks down.
A bearish move towards 62400 looks probable as the cryptocurrency becomes bearish.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Nov 21
There is an ascending channel turning up.
An ascending channel denotes a specific chart signal that is used to spot a tendency to break in the opposite direction when price breaks out.
BTC/USD still risks a move to the 37200 level on a breakout of the ascending channel amid BTC/USD recedes from recent highs.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
May 27
A descending channel is diagnosed, the price is going to break out.
A descending channel predicts that the price will rally further if price breaks out to the the upside.
BTC/USD violates bearish trendline to the 69200 level on a breach of 69100.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Mar 8
An ascending triangle comes out and the price is going to break out now.
Once price collapses through the support line, the move could predict a sharp decline.
A move to 66500 is on the cards on impulse below 67100 as BTC/USD becomes bearish.
Bitcoin: Ascending Channel
BTC/USD,
4 hours
SHORT
Sep 30
An ascending channel is almost finished, BTC/USD requires a further bearish action as an information of a breakout.
An ascending channel often indicates a trend change to the downside when price breakdown occurs.
There is a chance of a move to the 63000 mark.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Nov 21
There is an ascending channel discovered.
An ascending channel signals a further move down once price breaks below support.
BTC/USD to extend its setback towards 37200 as risk reversal sheds bullish bias.
Bitcoin: Rectangle
BTC/USD,
1 hour
SHORT
May 11
There is a rectangle arising.
A rectangle typically identifies a next move down when price collapses through the support line.
BTC/USD challenges a move towards the 27200 level as extra rangebound not ruled out.
Bitcoin: Falling Wedge
BTC/USD,
1 hour
LONG
Jun 19
BTC/USD gives a falling wedge.
A falling wedge provides a useful price action formation that has a downward slope that identifies price reversal after a pause if price breaks out to the the upside.
BTC/USD to move up towards 26500.
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Bitcoin · BTC/USD