It seems like a bearish flag is almost finished, the price is about to break out now.
A bearish flag is considered to be a specific bearish price action pattern that is angled up that predicts a next move down if price breaks out.
A bearish run towards the 63000 mark looks likely.
三角旗形
比特币BTC/USD4H
It looks like a pennant is almost completed.
A pennant is said to depict a useful chart signal that can be used to signal an extension in the upward direction if price breaks through the resistance.
It is likely that a rangebound towards the 65000 level will form as bullish momentum increases.
下降通道
比特币BTC/USD1H
As we can see a descending channel is uncovered and the price requires a further steady bullish move as an information of a breakout.
A descending channel depicts a useful bullish chart signal that signals a pause in a downtrending market when price breaks through the resistance.
A bullish continuation towards the 64400 mark about to be made on a breach of 64300.
下降三角形
比特币BTC/USD1H
There is a descending triangle determined and the price is going to break out soon.
A descending triangle can be thought of as a reliable bearish price indicator that can be used to predict prices are likely to keep falling downward if price breaks through the support.
Btcusd risks potential downside towards 63600.
上升楔形
比特币BTC/USD1H
There is a rising wedge emerging, the price is breaking out.
Once price collapses through the support line, the resulting move could predict a further move down.
Btcusd is at risk of resuming its decline towards 64000.
看跌旗形
比特币BTC/USD1H
It looks like a bearish flag is found and btcusd needs a more bigger move as a sign of a breakout.
When price breakdown occurs, the move could predict a next move down.
A further bearish push down towards 63500 is about to happen on a break below 64000.
下降楔形
比特币BTC/USD4H
There is a falling wedge diagnosed.
In case if price breaks out, the resulting move could predict that the price to go long.
There is a probability of a bullish continuation towards 65000 on a breach of 63800.
上升楔形
比特币BTC/USD1H
A rising wedge forms and the price is ready to break out now.
Once price breaks out, the move could signal a countertrend succeeding the current trend.
It is likely that extra downside towards 63400 will occur on a breakout of the rising wedge as indicators turn bearish.
下降三角形
比特币BTC/USD1H
The price sets up a descending triangle and the price lacks a further steady move to confirm a breakout.
When price breaks above resistance, the move could predict a bullish price move.
It is likely that a bullish continuation to 63000 will take place.