Open:
High:
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Close:
RECTANGLE
Bitcoin
BTC/USD
1H
As we can see a rectangle has been determined and the price breaks out soon.
When price breaks above resistance, the resulting move could spot a bullish move.
Btcusd opens door for a move towards the 80000 level once above 79000.
CANAL DESCENDANT
Bitcoin
BTC/USD
4H
It seems like a descending channel is very close to being completed.
A descending channel denotes a price action pattern that has a downward slope that often results in a downward trend is nearing its end if price breaks above resistance.
It is possible that a bullish push up to the 80000 level will occur on a upside break.
BISEAU DESCENDANT
Bitcoin
BTC/USD
1H
A falling wedge turns up, the price is about to break out soon.
A falling wedge is a reliable chart pattern that has a downward slope that can be used to signal a pause in a downtrending market if price breaks through the resistance.
Btcusd turns higher to 79000.
FANION
Bitcoin
BTC/USD
1H
There is a pennant materializing, the price is about to break out now.
A pennant is a specific price indicator that can be used to signal a sharp decline if price collapses through the support line.
There is a chance of a bearish push down towards the 83000 mark.
RECTANGLE
Bitcoin
BTC/USD
1D
As we can see the price shapes a rectangle, the price expects a move to confirm rectangle breakout.
A rectangle is believed to be a specific bearish price pattern that is used to identify a sharp decline once price collapses through the support line.
There is a probability of a rangebound towards 84000 on a downside break as indicators turn bearish.
CANAL ASCENDANT
Bitcoin
BTC/USD
1H
It looks like an ascending channel has been revealed and btcusd calls for a strong bearish move as proof of a breakout.
An ascending channel identifies a reliable bearish price action signal that is used to signal that the price to go down when price breaks through the support.
It is likely that a further bearish move towards the 89000 level will occur as upside pressure seen easing.
TRIANGLE ASCENDANT
Bitcoin
BTC/USD
4H
The price shapes an ascending triangle, btcusd needs a strong move for the certainty of breakdown.
An ascending triangle is believed to be a specific bearish price signal that can be used to identify an extension in the downward direction in case if price collapses through the support line.
Btcusd could recede to the 88000 mark while below 89200.
CANAL ASCENDANT
Bitcoin
BTC/USD
1H
An ascending channel has been encountered, the price needs a further move as evidence of a breakdown.
When price breaks through the support, the move could indicate a further move down.
It is not ruled out that a further bearish price action to the 89500 zone will occur.
CANAL DESCENDANT
Bitcoin
BTC/USD
4H
There is a descending channel appearing and the price is close to breaking out now.
A descending channel is a reliable bullish price action signal that indicates a temporary interruption during a falling market if price breaks above resistance.
Btcusd to grind higher to the 90000 mark while above 89200.
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