Open:
High:
Low:
Close:
ASCENDING CHANNEL
Bitcoin
BTC/USD
1H
An ascending channel arises and the price is about to break out.
An ascending channel is believed to be a bearish chart indicator that can be used to indicate a next move down once price breaks below support.
Btcusd to move downward to 70000 on a breakout of the ascending channel.
RECTANGLE
Bitcoin
BTC/USD
1H
As we can see the price sets up a rectangle.
A rectangle tends to be a reliable pattern that often spots that the price to go long in case if price breaks out.
Btcusd to maintain its positive tone to the 70000 level as there is room for a upside correction.
SYMMETRICAL TRIANGLE
Bitcoin
BTC/USD
1H
A symmetrical triangle is close to being complete, the price is ready to break out.
A symmetrical triangle typically signals a sharp rise if price breaks through the resistance.
Btcusd to extend its rebound towards 69000 once above 68400.
BULLISH FLAG
Bitcoin
BTC/USD
1H
There is a bullish flag forming, the price is going to break out.
In case if price breaks above resistance, the resulting move could signal a move up.
Btcusd to look for a further push to 67000 on a breakout of the bullish flag.
DESCENDING CHANNEL
Bitcoin
BTC/USD
4H
There is a descending channel detected.
If price breaks through the resistance, the resulting move could identify a bullish price move.
Btcusd opens door for a move towards the 68000 level.
RISING WEDGE
Bitcoin
BTC/USD
1H
It seems like a rising wedge pops up and the price is breaking out.
A rising wedge often signals the bulls have run out of steam if price breakdown occurs.
Btcusd risks a correction towards the 67500 level.
RISING WEDGE
Bitcoin
BTC/USD
1H
There is a rising wedge forming and btcusd demands further strong push down for clear breakout confirmation.
A rising wedge predicts a trend change to the downside when price breaks out to the the downside.
Btcusd to accomodate to 68000 as the cryptocurrency is at a brink of a bearish breakout.
PENNANT
Bitcoin
BTC/USD
1H
A pennant has been determined and the price requires a steady bullish action as an indication of a breakout.
A pennant often identifies a bullish price action once price breaks above resistance.
A bullish push up towards the 68500 level is on the way.
DESCENDING TRIANGLE
Bitcoin
BTC/USD
4H
There is a descending triangle developing, the price requests a bit more consolidation to confirm descending triangle breakout.
Once price breaks out, the move could signal the bears have run out of steam.
A bullish run towards the 69000 zone looks likely as the mood may improve.
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.