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.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
May 6
It looks like the price shapes an ascending channel, the price is breaking out.
An ascending channel depicts a specific indicator that typically results in a sharp decline in case if price breaks through the support.
A bearish push down towards the 63500 zone is probable as bears looking for profit.
Bitcoin: Ascending Triangle
BTC/USD,
4 hours
LONG
Feb 7
There is an ascending triangle occuring, the price is about to break out soon.
If price breaks through the resistance, the move could spot that the price to go up.
It is not ruled out that a move towards 43400 will take place on a break above 43300 as extra rangebound not ruled out.
Bitcoin: Ascending Triangle
BTC/USD,
4 hours
LONG
Apr 10
It seems like an ascending triangle has been recognized, BTC/USD demands an active move as an indication of a breakout.
An ascending triangle describes a reliable price action formation that typically predicts a further move up when price breaks through the resistance.
BTC/USD to move upward to 28800.
Bitcoin: Bullish Flag
BTC/USD,
1 hour
LONG
Oct 20
It looks like a bullish flag is almost done, the price calls for a bullish impulse as an information of a breakout.
A bullish flag represents an indicator that often predicts a bullish price move if price breaks out to the the upside.
A bullish continuation to 68400 is likely to happen once beyond 68360.
Bitcoin: Bullish Flag
BTC/USD,
1 hour
LONG
Sep 18
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: Ascending Channel
BTC/USD,
1 hour
SHORT
Feb 11
There is an ascending channel materializing and the price is going to break out.
If price breaks down, the resulting move could indicate that the price to go short.
A move to 96000 is probable on a breach of 96600.
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: Descending Channel
BTC/USD,
1 hour
LONG
Dec 11
There is a descending channel appearing and BTC/USD expects a next steady move as an indication of a breakout.
A descending channel can be thought of as a bullish price action formation with a downward bias that can be used to spot a further move up in case if price breaks out.
BTC/USD to continue the appreciation trend to 100000 on a breach of 98000 as BTC/USD challenges 98000 hurdle.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Mar 19
It seems like a descending channel is very close to being completed, the price requests a more strong move as a verification of a breakout.
A descending channel identifies a specific signal that identifies a break in the price direction when price breaks out to the the upside.
There is a possibility of a bullish move towards 83500 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.
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