Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
A symmetrical triangle is found and btcusd wants a move as a clue of a breakout.
A symmetrical triangle is believed to be a reliable bullish chart signal that is used to spot a further move up once price breaks out.
A rangebound to 89000 looks probable while above 88800.
PENNANT
Bitcoin
BTC/USD
4H
A pennant happens.
A pennant spots an extension in the upward direction if price breaks out to the the upside.
Btcusd to jump towards 89000.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
There is a descending channel distinguished.
In case if price breaks out, the move could identify a bearish-to-bullish trend reversal.
There is a possibility of a bullish price action towards 88500 as btcusd is at a brink of a bullish breakout.
DESCENDING CHANNEL
Bitcoin
BTC/USD
1H
A descending channel is uncovered and the price is ready to break out.
A descending channel typically results in a change in the prevailing trend in case if price breaks above resistance.
There is a chance of a bullish continuation to 88500 once beyond 87900.
ASCENDING TRIANGLE
Bitcoin
BTC/USD
1H
An ascending triangle has been revealed.
An ascending triangle tends to be a reliable bearish chart indicator that is used to spot the bulls have run out of steam if price breaks out to the the downside.
A rangebound towards the 88000 zone is not ruled out on a break below 88600.
PENNANT
Bitcoin
BTC/USD
1H
There is a pennant materializing and btcusd demands strong rise as an indication of a breakout.
When price breaks above resistance, the resulting move could indicate that prices are likely to keep rallying upward.
Btcusd to move up to 89000 on a breakout of the pennant as btcusd loses bearish momentum.
BEARISH FLAG
Bitcoin
BTC/USD
1H
It seems like a bearish flag is close to completion and the price requests a next bigger move for the certainty of breakout.
A bearish flag typically results in a move down in case if price collapses through the support line.
Decline towards 87500 is on the cards on a breakdown of the bearish flag.
ASCENDING CHANNEL
Bitcoin
BTC/USD
4H
An ascending channel turns up, the price is close to breaking out now.
In case if price breaks through the support, the move could predict a further move down.
Btcusd to accomodate to 86000 on a breakout of the ascending channel.
BEARISH FLAG
Bitcoin
BTC/USD
1H
The price develops a bearish flag and the price is breaking out.
A bearish flag typically indicates a further move down when price breaks out to the the downside.
Btcusd pulls back to the 87500 level on a break below 87600.
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