An ascending channel happens.
An ascending channel depicts a technical bearish pattern with an upward bias that can be used to indicate the bulls have run out of steam when price breakdown occurs.
BTC/USD set to accelerate its decline to 57000 as bears seeking a new low.
Bitcoin: Ascending Channel
BTC/USD,
4 hours
SHORT
Mar 14
An ascending channel appears.
An ascending channel is said to depict a reliable bearish chart formation that can be used to spot a further move down if price breaks through the support.
BTC/USD to head towards 70000 on a breach of 70500 as minor hurdle remains at 70500.
Bitcoin: Rectangle
BTC/USD,
1 hour
LONG
Mar 12
A rectangle is very close to being completed, BTC/USD lacks a more strong move as an information of a breakout.
If price breaks out, the move could spot extending an uptrend.
BTC/USD looks ready to further extend its gains towards the 20600 mark as door open for a test of 20600.
Bitcoin: Rising Wedge
BTC/USD,
1 hour
SHORT
Aug 11
There is a rising wedge forming, BTC/USD calls for next steady pullback as evidence of a breakout.
A rising wedge can be thought of as a reliable bearish price action pattern that is angled up that predicts that the price to go down if price breaks below support.
BTC/USD turns bearish to 60500.
Bitcoin: Ascending Channel
BTC/USD,
1 hour
SHORT
Mar 27
It seems like an ascending channel is close to being complete and the price lacks a more bearish move to confirm ascending channel breakdown.
In case if price collapses through the support line, the resulting move could signal that the price to go down.
A bearish push down towards 27600 looks possible as there is a chance for a downside correction.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
May 30
There is an ascending triangle poping up, the price expects more strong push down for clear breakout confirmation.
An ascending triangle often indicates a next move down in case if price breaks out.
It is possible that decline towards 27700 will happen on a breach of 27780.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Dec 31
There is a descending channel distinguished.
A descending channel typically results in the more likely potential of rising prices in case if price breaks through the resistance.
BTC/USD now looks towards the 43000 mark.
Bitcoin: Ascending Triangle
BTC/USD,
1 hour
SHORT
Mar 14
There is an ascending triangle materializing.
An ascending triangle represents a compelling bearish chart signal that signals a next move down when price breaks out to the the downside.
BTC/USD to suffer further downside towards the 72500 zone on impulse below 73100 as indicators turn bearish.
Bitcoin: Bullish Rectangle
BTC/USD,
1 hour
LONG
May 14
A bullish rectangle arises, the price is breaking out.
A bullish rectangle is a useful chart pattern that can be used to signal that the price to go up in case if price breaks above resistance.
A move towards 27000 looks likely.
Bitcoin: Symmetrical Triangle
BTC/USD,
1 hour
LONG
Dec 5
We can see that a symmetrical triangle is nearing completion, the price lacks a bit more consolidation as a signal of a breakout.
A symmetrical triangle typically signals the more likely potential of rising prices if price breaks above resistance.
There is a probability of a further bullish push up to 42000 on a breach of 41850.
Bitcoin: Descending Channel
BTC/USD,
1 hour
LONG
Jul 25
It looks like the price builds a descending channel and BTC/USD wants a next steady impulse up to confirm a breakout.
A descending channel depicts a compelling pattern that often spots a countertrend succeeding the current trend if price breaks through the resistance.
BTC/USD to move up towards 66000 as BTC/USD nears 65600 hurdle.
Bitcoin: Pennant
BTC/USD,
1 hour
LONG
Feb 12
It looks like a pennant is recognized.
A pennant often signals a sharp rise if price breaks out.
It is not ruled out that a bullish push up towards 48400 will occur on a break above 48300 as the wind continues blowing in favor of BTC/USD.
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Bitcoin · BTC/USD