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BISEAU ASCENDANT
Bitcoin
BTC/USD
1H
Btcusd gives a rising wedge, the price calls for a steady bearish move to confirm rising wedge breakout.
A rising wedge identifies a compelling bearish price action formation that can be used to spot the more likely potential of falling prices in case if price breaks below support.
Btcusd to extend its slide to 92000 as the mood may get worse.
CANAL DESCENDANT
Bitcoin
BTC/USD
1D
It looks like btcusd shows a descending channel, the price asks for a more active move as a signal of a breakout.
A descending channel typically indicates a countertrend succeeding the current trend if price breaks above resistance.
There is a probability of a rangebound towards the 95000 level while above 92000 as btcusd becomes bullish.
RECTANGLE
Bitcoin
BTC/USD
4H
There is a rectangle exposed, the price is going to break out soon.
If price breaks above resistance, the resulting move could spot that prices are likely to keep rallying upward.
It is likely that a further rangebound towards 94000 will take place while above 93000.
CANAL DESCENDANT
Bitcoin
BTC/USD
4H
There is a descending channel developing, the price is ready to break out.
A descending channel is believed to be a reliable formation that often indicates extending an uptrend if price breaks above resistance.
There is a chance of a bullish continuation towards 92000 on a breakout of the descending channel.
CANAL DESCENDANT
Bitcoin
BTC/USD
4H
A descending channel is close to being done, the price wants a further steady bullish continuation as a sign of a breakout.
When price breaks above resistance, the resulting move could spot a bullish move.
Btcusd to maintain its positive tone to 90000 on a breakout of the descending channel.
RECTANGLE
Bitcoin
BTC/USD
1H
A rectangle is identified, btcusd calls for a next move for clear breakout confirmation.
A rectangle is a technical pattern that can be used to predict that prices are likely to keep rallying upward when price breaks above resistance.
There is a possibility of a bullish price action towards 87500 once above 87200.
RECTANGLE
Bitcoin
BTC/USD
4H
A rectangle is very close to being finished.
A rectangle is considered to be a specific bearish indicator that often indicates the more likely potential of falling prices if price breaks out.
It is possible that a move towards 86000 will form as minor hurdle remains at 86600.
CANAL ASCENDANT
Bitcoin
BTC/USD
4H
We can see that the price composes an ascending channel and the price is going to break out now.
An ascending channel results in that the price to go down when price breaks below support.
There is a probability of a bearish move towards 90000 on a breakout of the ascending channel.
DRAPEAU BAISSIER
Bitcoin
BTC/USD
1H
A bearish flag emerges and the price requests a bigger correction as a verification of a breakout.
A bearish flag is believed to be a compelling formation that often predicts the bulls have run out of steam when price breaks below support.
Btcusd set to fall towards the 91200 zone.
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